XRP/USD - Nothing bullish about it, blood on the street

XRP had a chance to get out of its descending trend but was not helped by the overall market as BTC + ETH re-tested their support line several times in the past few days with a bearish price action.

Now XPR finds itself in a pretty bad spot in a descending triangle (bearish sign), a death cross between MA50 and MA100 (bearish sign), a decreasing volume (no hope for bulls), bearish indicators (no sign for bulls on 4h, daily or weekly) and bearish price action.

Would I buy here... nope. Wait for blood on the street, meaning .20 cents and below. Last time this triggered quite a reaction from bulls, so we may see this again....

XRP may descend into the abyss (goblin town) if it does not get some positive news on its lawsuit or some bullish momentum...

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