The past months, each small or bigger (low time frame) rally XRP' made got smashed down each time. Just as we could see in my previous analysis, where is showed a nice bullish wedge
which reached it's target, but got dumped just as fast again. But instead of breaking down, it remains above the 0.29/0.30, suggesting accumulation is going on.
In the middle we can see a curved support line, which is something i thing that should be watched closely. Because if that blue line breaks (with some margin) we could see it drop to the lows again. If we do break that big resistance around 0.33, we should see a big jump up, together with some decent volume
. If it will be a small breakout, it will be very likely again to see it getting sold again.
On the left we can see another big resistance around 0.4, if that one breaks, i think the low might be set. short term, think that triangle is something to follow.