Charted: Ripple (XRP) Trimming Gains, Why It Could Decline Heavily
Charted: Ripple (XRP) Trimming Gains, Why It Could Decline Heavily Ripple started a fresh decline after it struggled to clear the $0.6500 resistance against the US dollar. The price is now trading well below $0.5500 and it is testing the 100 simple moving average (4-hours). There was a break below a major bullish trend line with support near $0.5300 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could either decline further below $0.4800 or it might start a fresh increase from the 100 SMA (H4). Ripple’s XRP Price is Testing Key Support After a close above the $...