Consolidation nearly over. Short.

Ripple broke the 0.53866 Support, essentially never letting the projected big Rectangle emerge but is surprising using this support as a pivot, trading sideways within a smaller 4H Rectangle (RSI = 51.731, STOCH = 47.908, Highs/Lows = 0). The 1D trend remains bearish (MACD = -0.039, Highs/Lows = -0.0034, BBP = -0.0314) so we have to follow its underlying selling pressure. We believe that the maximum the price can get to is the 0.6000 Resistance before eventually pulling back on the 1D Channel Down (green channel) towards 0.4000 (TP).