Starting with the 10 day chart for XRP, we can see that last weeks bullish candle failed to break above the 20 day Moving Average and our 1 month 10 day Moving Average & the weekly Upper Bollinger Band resistance.
This current 10 day candle is consolidating between the 20 and 10 day moving average, inbetween two vital support and resistance levels of $0.333 and $0.376.
Stepping down onto the weekly chart we can see that the most recent bullish candle broke above a period of consolidation, last weeks candle came down to test that horizontal support and the moving average crossover of $0.333
I have also drawn in a diagonal trend line which could be a region XRP spikes down to test as Bitcoin falls this week – XRP could spike to test $0.305 before going higher along with Bitcoin next week, providing price rejects back up above the moving crossover before the weekly close.
Stepping down onto the daily chart it provides us with further confirmation that a push to the downside is likely.
XRP has broken below both the 9 and 20 moving average, an its heading down towards the diagonal trend line – notice how the lower Bollinger Band is as at a steep incline, this means price is attracted towards it, and if price does drop, it will be a sharp quick drop that test the lower Band before rejecting back up for a continuation to the upside next week.