Now Conferring XRPUSDT’s , price action has confirmed a strong expansion with clear impulse selling. This has shifted the market structure significantly with a clear low being established. On a technically note, any rallies are to be sold into as the market structure is .
The immediate is declining; currently trading below average with no influxes shows weakness. Any conventions of the Daily and Weekly S/R levels are considered retests until proven. Price action unlike, many other coins, is establishing consecutive lower lows. Maintain this structure with declining will greatly increase the probability of a retest before continuation.
XRP/ USDT Daily
Holistically observing the Daily , a clear oscillation is occurring at the control zone. This again is another tail sign of a further downside being probable as oversold conditions have not been met. The momentum is clearly stored with the , a break and change in market structure will be a tail sing of short term reversal.