We are observing the middle of the month and 11pm to 11am timeframe on November.....
15th
16th
17th
I have marked the current channel, pattern structure (pennant) and horizontal buy/sell wave on top of the channel.
The purple arrow route would indicate strong support where we currently are in the price zone. It also would recognize a more slanted pennant indicating more exhaustion for the bears. Less risky buy zones would be bottom of the channel near golden arrow zone or exiting of the channel
Speculation: 1 more drop come around these days around late in the night and a day and a half for it to reverse thereafter. We can head as far down as the golden arrow. This is just an added chart to our XRP follow.