We see here on the that XRP is over sold on the and the bollingerbands are begging to get tight which usually indicates an upcoming breakout. Because with we can't tell whether it will break out up or down we have to use the help of other indicators. Here again I'm using my favourite methods for checking long or short with the and charts.
Looking at the weekly chart as well we can see from the chart that it is just entering the oversold mark but our is still well above 50. My thoughts are that our will slowly drop until it enters the oversold zone around the start of August. I will also do a weekly XRP/USDT just to cement my thoughts as the bollingerbands on a weekly chart are quite spread still but are finally starting to go back into a squeeze.
To wrap up my thoughts, XRP will stay in an extended oversold area on our charts and slowly move into the over sold area on our charts over the next month. Once that happens I can see a breakout happening.