Take a look at the long term Coppock Curve along with the Keltner Channel and that's all you have to know. Don't go for the bait in the form of the sure to come sharp bounces and comments from perma bulls such as Tom Lee that have been dead wrong for over two years now. Please comment below - long or short comments welcome.
If and only if XRP can backup to 22c ( which I think it can ) there is a real potential for a 40% bounce back to the 0.30c area - I still think this name heads to 0.16c but with a severe/sharp bounce along the way so please be very careful and watch the Keltner Chanel and the Coppock Curve very close. In the future I'll be showiing more and more Japanese candles...
Looks like some of the predictions on here for XRP might be coming true - better to wait to get long i'd guess - this Coppock Curse is headed straight down.
Note the bands on this chart closing in along with the Coppock Curve direction - will it explode up or down and history tells us down from here but we will see.That said I would not short XRP here - no risk reward.