As XRP is being delisted from US Cryptocurrency exchanges such as Coinbase, US Binance, and many more, the price is still expected to extended losses based on this negative fundamental outlook based off the SEC lawsuit.
For the full list, check this article on Yahoo Finance.
Fundamentals are bad, but how about technicals?
Considering the price has seen a very strong sell off, the technical aspect of XRP also doesn’t look the best, but let’s take a closer look at them.
Currently XRP is in a insignificant uptrend, which is more a correction than a buying wave.
The price is closest to a , which outcome is .
Same as XLM , the is in a weak uptrend but with an exception that the is below 40 , which is very considering this is a daily time frame.
is currently on the second strong selling wave, but another one is expected to be seen shortly.
levels of 20 and 50 are pointing towards an downtrend, but a retest of 20 is expected before any further move to the downside or upside.
I expect the price to drop below $0.17