XRP | Lower Boundary Likely To Break

XRP Has been moving within a descending channel. We can see how the upper and lower boundaries are tested in sequence; it bounces back and forth.

In late January the lower boundary of the channel was tested twice and a total of three times in the entire month. On the bounce, XRPUSDT failed to reach the upper boundary, and this is a bearish signal.

Match the fact that there wasn't enough strength to challenged the upper boundary with the fact that XRPUSDT is now trading below the moving averages, all of them and the RSI is now on the bearish zone.

We are likely to see a resumption of the downtrend, a strong drop that potentially can break the lower boundary of the channel —based on price action.

Prepare accordingly.

Thanks for the support.

Namaste.