Lucille has smashed XRP's face in from the previous long term growth channels. While I expect more downside, I still feel optimistic about BTC with the halving coming which had me thinking. At some point, when BTC runs, alt's will follow. Not all of them, as some are dying off, but what if the channel was incorrect. What if that Dec 2017/Jan 2018 blowout to $3 was an anomaly due to to much hype.
This new channel aligns pretty nicely with the initial run of 2017 followed by channel support. It then blew out the top to #3 at the turn of the year in 2018, but fell back down and re-tested the top of that channel again before going below. With 3 bounces from that top trend line, it has a higher probability of being the top of the channel then the newb driven $3 top.
There are a few scenarios this could take "IF" XRP follows BTC at it's halving , but I could easily see a drop to the bottom of this channel. The question is when. It could have a quick drop and run before the halving or it could slowly bleed from the barbed wire spikes until after the halving and then start to rise.
Give me a like if this gave you hope or a good laugh - either way :)