Ripple’s token price started a fresh decline from $0.5265 against the US Dollar. XRP price could extend its decline unless it climbs back above $0.50.
Ripple’s token price is moving lower below the $0.488 support against the US dollar.
The price is now trading below $0.48 and the 100 simple moving average (4 hours).
There is a key bearish trend line forming with resistance near $0.475 on the 4-hour chart of the XRP/USD pair (data source from Kraken).
The pair might continue to decline below the $0.444 support in the near term.
Ripple’s Token Price Starts Downside Correction
In the past few days, Ripple’s XRP saw a downside correction from the $0.5265 resistance against the US Dollar. It dipped below the $0.505 support zone, similar to Bitcoin and Ethereum.
The price gained bearish momentum below the $0.480 support zone. A low was formed near $0.446 and the price is now recovering losses. There was a move above the $0.450 and $0.455 resistance levels. XRP surpassed the 23.6% Fib

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