XRP short resistance

Currently we can see XRP broke its rising wedge in my previous post/setup.

Now we can see XRP is following a downward channel. We can expect to see rejection at this area and a continuation down towards the channel support.
I do believe that we will not touch the channel resistance next and possibly see a small reversal at local horizontal support (dotted blue line)

Bearish Indication:

• Rejection at channel resistance
  
• Rising Wedge completion
  
• Downward Channel
  

Previous Setup:


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