What I am currently seeing on the daily is the breakdown from the triangle, unsuccessful retest and subsequent drop.
Hovering just above 1.10 (1.12) previous resistance that seems to be providing some support at the moment.
A break of this level takes us to the next, and fairly strong support in the 1.0 - 1.02 region, also being a psychological support.
Breaking this brings inn play all the targets from my previous analysis where we bounced from the first support and that delayed this move down.
This is just looking at previous daily support levels and there are some other minor supports in the way of the move down but not looking too good for XRPUSD at the moment as the MACD is moving below the trigger line, RSI below 40 and moving down and declining volumes.
We are also moving below the Ichimoku which has been resisting the move upward with the bottom of the triangle.
If we were to move up we need to break these two levels and the strong resistance at 1.65 with enough volume.
For now I am bearish on this based on the TA above.
As we know however, it only takes one whale or some seriously good news or a sharp move from BTC to change all of that. Btw BTCUSD is also retracing from the resistance of the 100 EMA and therefore also not a very good sign especially taking into account the big drop from the ATH.
Let's see what happens.
This is not financial/trading advice and is as much for my own education as yours.
Please feel free to share your opinions so I may learn ;)
Stay Safe!