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Consolidation broken but downtrend bias quickly resumed. Short.

505
The 1H Rectangle broke but after the 4H Channel Down was broken (formation break out), XRPUSD the downtrend was swiftly resumed. 4H extends its consolidation on neutral RSI = 50.090, CCI = 24.4569, Highs/Lows = 0.000 and is limited to a maximum possible extension on the 1D Channel Down (blue dotted lines on RSI = 42.063, MACD = -0.021, B/BP = -0.0114) at 0.52000. New shorts have been added as our approach remains SOER on this bearish 1W Channel on Ripple (Highs/Lows = -0.0849). TP intact: 0.4000 and 0.35277.

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