Ripple (XRP) has made lower high after shooting star formation on 3 month chart. I’m expecting XRP to re-test the low of $1.60. If that’s the case, unless there is a quick bounce at $1.65-$1.75, XRP should break below $1.60 and further selloff may follow with consolidation.
Below see post from 12/29/2017
Ripple is forming shooting star on 3 months chart.
In technical analysis, a shooting star is interpreted as a type of reversal pattern presaging a falling price. The Shooting Star looks exactly the same as the Inverted hammer, but instead of being found in a downtrend it is found in an uptrend and thus has different implications.
Shooting star needs to be confirmed by next candle selloff