XRPBTC needing to show some strength for a convincing setup

While I have a long bias on XRPBTC, it's still consolidating the move during early May. There's considerable selling pressure every time it has attempted to break above the SMA50, likely from people that got in between 0.00014 and 0.0002s. I expect this consolidation to continue until there's sufficient new buyers for a push above 0.00014 with stability. A close below 0.00009s may signal further drift down to the 0.00006s, but otherwise it seems to just be a matter of patience here.