Ripple (XRP) Price Indicators Show Vulnerability To A Sharp Decline
The price is facing a strong resistance near the $0.2500 level and the 100 hourly simple moving average. XRP price broke the $0.2500 and $0.2480 support levels to move into a short-term bearish zone.
The price even settled below the $0.2480 level and the 100 hourly simple moving average. However, ripple is facing a lot of hurdles on the upside, starting with $0.2480 or the 50% Fib retracement level of the recent decline from the $0.2547 high to $0.2426 low.