XRP price has broken out of massive falling wedge, which is a likely indicator of a beginning of a new uptrend, daily MACD supports this. Furthermore, the price is showing signs of massive cup and handle, with price forming handle at this stage. The handle itself looks like a falling wedge which is a positive signal. However, the handle is likely to go a little further down toward 60% retraction region, this is supported by downward crossing 4 hour MACD. This may very well coincide with further BTC price drop (check my BTC analysis). Afterward, the price may either have rapid increase or continue form handle in curvy fashion, which Ripple generally is very prone to do, then the price is likely to break resistance at $1.15 and continue uptrend.
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