The S&P500 is showing signs of having formed a wedge top on the weekly chart, this is typically a warning sign of a reversal. Over the summer, we expect to see pain in the market due to fundamental factors such as the banking crisis, but also from economic inactivity. 
Bitcoin is showing warning signs of losing momentum after its rally on the weekly chart. After having two successful legs up, we are now looking at BTC breaking its channel, and reversing or converting into a trading range. Should this consolidation period coincide with a declining market, we expect to see BTC’s lows retested.
XRP’s price on the weekly chart does not give us any hints as to the outcome of the Ripple SEC Lawsuit. XRP is still locked in a trading range, which will likely end when there is either a binary event that affects the crypto market at large, or a resolution to the Ripple SEC Lawsuit. So far Ripple has spent over $200 million dollars in legal bills fighting the SEC, and should they win the case, there will be a greater level of clarity for other digital assets due to the legal precedent XRP has been able to set.
