Ripple (XRPBTC) Descending Channel + Oversold (Keep an eye out)

Ripple (XRP) is trading within a descending channel.

- Above you can see how the price has been going down strong. It looks like it still needs to find support.

- All the indicators are bearish. MACD, RSI and STOCH.

- The positive divergence on the MACD is bullish signal, but support needs to be found first before it comes into play.

Keep an eye out for the bounce after we find support.

Note: This is not a trade advice.

Thanks a lot for reading.

Namaste.