At this moment in time, I believe this downwards move is to get the weak investors out of the markets before we see a move up.
The price of xrp could drop from here and hit the daily , when a level has been retested twice, it shows that it is being respected therefore from there should be a move. However, if it breaks we have one more level which it can respect, if not we could start moving .
From my understanding of the markets, I believe bitcoin has the potential of going higher therefore altcoins should follow. I have tried to demonstrate what potentially could happen to xrpusd
Hope this helps