Repeating Channel Down pattern under the bearish curve

23 May 2018

XRP is seen on a clear downtrend on 4H (RSI = 35.249, Highs/Lows = -0.0300, B/BP = -0.0530) and we can easily spot a similar pattern (Rectangle followed by Ch. Down) that signals a decline even below 0.46014. Technically the immediate TP is 0.46014. The commanding 1W bearich curve can then issue another rise to an even Higher High (around 1.01775), but I will have updated our perspective by then.