Ripple (XRP) Could Crash Below $0.15 During The Next Downtrend
Ripple (XRP) might end up falling below $0.15
(XRP) is hanging by a thread as the price is ready to decline all the way to the bottom of the descending triangle it has been trading in since 2018. This triangle is now extremely likely to be broken to the downside as Ripple (XRP) has failed miserably every time it has attempted to break out of it. The price has now faced a strong rejection at the top of this descending triangle and is headed towards the 200 day moving average. It is likely that the price will find short term support at that level but uncertainties loom over in the grand scheme of things.
First of all, the technical alone point to the strong possibility of a major decline in the weeks and months ahead. Second of all, Ripple (XRP)’s fundamentals have hardly improved and it risks regulatory action over its status as a potential security.
Source and read more: https://cryptodaily.co.uk/2019/05/ripple-could-crash-below-015-during-the-next-downtrend
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