TL;DR Breakdown Ripple price analysis suggests further downwards movement to the $0.800 markXRP faces resistance at the $1.10 markThe closest support level lies at $0.900 mark The Ripple price analysis shows that the bears dominate the asset’s price action as XRP observes a downwards breakout from the consolidation channel. However, despite observing a 15 percent drop, the bearish pressure has not declined but shows further downwards movement for the price action. The broader cryptocurrency market observes a bearish market sentiment over the last 24-hours as most major cryptocurrencies record negative price movements. Major players include Elrond and EOS recording a 6.89 and a 6.42 percent decline respectively. Ripple price analysis: Bears dominate the market Technical indicators for XRP/USDT by Tradingview Across the technical indicators, the MACD is currently bearish as exhibited by the red histogram showing seller dominance at press time. The indicator observed a bearish crossover three days ago and has remained red since. The last 12 hours have observed a strong increase in the bearish momentum as XRP observed a downwards breakout below the $1.00 mark. The EMAs are currently moving downwards showing strong selling activity in the markets. The 12-EMA is currently moving with a steeper slope suggesting further divergence from the 26-EMA. The RSI has remained neutral for the last ten days since briefl...
