3rd Bull Attempt Has Failed and Sideways Movement Persistent

We are in the first weekday after the 40% dump of XRP on Friday. So far, there has been 3 attempts of recovery by the Bulls but the 3rd attempt could not sustain its momentum and has receded to lower levels nearing the peak of the 2nd attempt.

What does this mean?
This is dangerous. 3 bull attempts failed at such a short timeframe, trying to recover the 40% dump on Friday. This 3rd attempt even got shut down and was pushed back to the 2nd attempt's sideways, thus forming a cracking line that could potentially make another further Dip highly possible. The fundamental result of these attempts indicate that short term recovery of XRP is difficult. The only option now is either even more sideways movement, or a further dipping of XRP below the cracking line of the second attempt. Unless Bulls are willing to try a 4th attempt (unlikely given the failure of previous attempts) while ignoring the consequences of previous attempts, we are looking at a more significant downturn in the value of XRP. Unless Greyscale vs SEC case wraps up or another significant news comes along. We should see more devaluation of XRP.