I hate to say it — but it looks like $XRP is heading for a selloff.

The recent negative news regarding the SEC’s request for an extension has added to market uncertainty, which typically pressures price action.

Looking at the current chart structure, XRP appears to be at a market edge, which could lead to an exhaustive phase for the sellers.

Although I am bullish with XRP, given its intitutional use and revolutionary technology, I choose to remain realistic. Play the short term, and invest into the future.

Price targets to watch: $1.42, $1.20, and $1.00.