Hey, guys.
As many have noticed XRP looks worse than the rest of the market. This is due to the ongoing play with SEC for more than two years and due to this uncertainty, investors are trying to avoid this asset. And except for optimistic arrows to the sky with promises of XRP marketing team to reach 2 -5-10 and 25$ I don't see any signs for this yet.
Yes, on the daily chart we see that the price is in consolidation, and there is an accumulation of volume, the exit from consolidation will naturally lead to the result in the form of an impulse, but so far there is no such thing.
What can be done in the current situation.
Locally, we can try to trade a rebound from the lower boundary of consolidation to the middle and upper boundary of 0.52 and 0.55-0.56. Cancel the scenario of leaving and consolidation of the price below 0.44.
And medium-term it is a breakdown and consolidation above 0.55 with stops under the lower boundary of consolidation below 0.44 or for the breakdown structure.
Consolidation of the price below 0.44 may lead to return to the zone of 0.31.
Stay tuned.
