XRPUSD - SItting on the .236, consolidation or breakdown

It doesn't look like XRPUSD is going to breakout any time soon by the look of the bearish indicators. Right now, it is consolidating on the .236, which is good because this is a crucial Fibonacci level. If it starts to consolidate under that level, XRPUSD will drop heavily in value.

Conversely, many coins consolidate on the .236 and break out. For a long trading strategy, I would actually hold in BTC and set an alarm for XRP to breakout above $1 for confirmation.

Possible pattern: descending triangle.