Ripple has broken down from the bear flag
, and is now under the black support level
, testing the 200 EMA
(in purple.) Should the 200 EMA
, and the bottom of the parallel channel
fail, XRP could plummet, as sell-side pressure continues to engulf the crypto space. On the MACD
, we can see that downside momentum is increasing, making further losses possible. A breakdown would send XRP to the 61.8% retrace, at $1.40, then $1.25. This is an emergency update!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***