Monthly Analysis of XRP
I hope this explains how I view the markets bearishness in context of a larger timeframe perspective. Just in general when there's a huge move in any given month the market often re-offers price somewhere in that range to permit others to get positions in where otherwise they wouldn't through fear of "chasing price". This isn't so much for us individual traders, but for bigger money who require that drop to build positions. Still, it's very much something each of us can benefit from.
That being said, the reaction from this month's candle dropping and creating the wick is very strong in favour of higher movement for this and next month.