Ripple has broken down from the bear flag, and is now under the black support level, testing the 200 EMA (in purple.) Should the 200 EMA, and the bottom of the parallel channel fail, XRP could plummet, as sell-side pressure continues to engulf the crypto space. On the MACD, we can see that downside momentum is increasing, making further losses possible. A breakdown would send XRP to the 61.8% retrace, at $1.40, then $1.25. This is an emergency update!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
-JD-