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XRP Declining Volume| Bearish Volatility Expansion| Impulse Sell

Short
BINANCE:XRPUSDT   XRP / TetherUS
Points to consider,

Now Conferring XRPUSDT’s Daily Chart , price action has confirmed a strong bearish volatility 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 bearish .

The immediate volume profile is declining; currently trading below average with no influxes shows weakness. Any conventions of the Daily and Weekly S/R levels are considered bearish retests until proven. Price action unlike, many other coins, is establishing consecutive lower lows. Maintain this structure with declining volume will greatly increase the probability of a bearish retest before continuation.
XRP/ USDT Daily RSI

Holistically observing the Daily RSI , a clear oscillation is occurring at the bearish 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 bearish , a break and change in market structure will be a tail sing of short term reversal.

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