Bearish engulfing candle on XRP weekly chart

Stochastic on its way down on weekly. Still trading above the channel and stochastic nearing oversold on daily. RSI at 50 on daily. Looks primed for breakout on daily chart but is anyone else concerned about this Bearish engulfing candle on the weekly? Your input will be appreciated! Thank you!
Chart PatternsTechnical IndicatorsTrend Analysis

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