XRP bleed to .25

By Lewball
We've lost the high currently following the same cycle as BTC. We closed out of the wedge on the daily yesterday and had the re-test of that wedge today. Expecting a bleed down to .25 to test start of trend, which is also confluent with the trend line of this entire cycle (lower yellow line), before continuation and possibility of creating a new high. We may bounce of the .51 and re-test this range high at 1.2 but I'm more inclined to see a bounce off the .51 into a rejection on the swing of this range around 0.64 then bleed down to .25 until we break the downtrend.
BTCshortsetupTrend Analysisxrp

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