Charted: Ripple (XRP) Technicals Suggest a Crucial Breakdown Below $0.24

There was a break below a key contracting triangle with support at $0.2415 on the hourly chart of the XRP/USD pair (data source from Kraken). The decline was such that the price settled below the $0.2450 level and the 100 hourly simple moving average.

There was also a break below a key contracting triangle with support at $0.2415 on the hourly chart of the XRP/USD pair. The first key resistance is near the $0.2425 level and the 100 hourly simple moving average.

Timeline of Xrp