Ripple (XRP) entered a strong downtrend since the beginning of this month. This was the result of Ripple (XRP) forming a double top as seen on the above chart for XRP/USD. After forming the double top, Ripple (XRP) entered a descending channel and has since been on a steady decline. The trend line that passes through the point of inflection of the last rally during late September has served as a temporary support for XRP/USD so far. It is likely that Ripple (XRP) will rise from here and form another pattern like it has between Sep 17 and October 11. This might push the price of Ripple (XRP) above the $ 1 mark possibly by the end of October. RSI has reached oversold levels now on the 4H chart for XRP/USD.