Sellers appear to be absent. There has been too much bad news with too little downside reaction in the recent days. Coinbase delisting caused a 50% drop, whereas a Binance delisting caused much smaller drop despite having a much higher marker share of XRP volume. Good chance for breakout upwards. If we breakdown, however, we're heading to $0.13-$.016.
Timeline - SEC accuses Ripple of selling $1.3 Billion In unregistered securities ever the course of eight years - Ripple refutes accusation with a claim that XRP is a currency, not a security, and has been treated as such for its entire existence - Exchanges begin delisting XRP - Large institutions begin exiting XRP and reallocating into non-contentious assets -...
Any sort of good news out of the XRP-SEC situation could trigger this.
Conditional on the yellow resistance holding.