On this analysis my goal is proving the descending triangle was the long trend for xrp/usd which was confirmed later on August 2019.
Xrp tried to pierce the resistance one more time at February but Covid-19 provided the invalidation.
Now xrp/usd is trading on the 0.11 ~ 0.34 range ascending channel .
For a bullish scenario it will need to break the 0.34 resistance level and close above it.


Volume maybe nearly doubled compared to early 2018. That time we made epic moves... today we cant even move 10% a day anymore... but if we do, usually downwards. Cant see, how we should move up to .34 these days or weeks... we are in an unstoppable down movement currently.
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