The XRP price continues to move down and could now break out bearishly. How low can the XRP price fall?
XRP price forms lower highs and leaves support zone
XRP Price Chart from Tradingview
The XRP price gradually leaves the support zone between 0.4 – 0.46 USD and forms lower high points. As a result, Ripple is dangerously close to the lower trend line, which could cause XRP to break out bearishly.
Nevertheless, the MACD is still bullish, because the MACD lines remain crossed bullish and the histogram ticked bullish higher yesterday. Today, however, it seems to be ticking bearishly lower again.
In addition, the death cross of the EMAs remains intact, which means that the trend remains bearishly confirmed.
XRP price could fall around 70%
XRP Price Chart from Tradingview
If the XRP price breaks out bearish now, the XRP price could fall around 55 – 70%. In addition, the weekly MACD is also bearish, because the histogram ticks bullish higher, but the MACD lines remain bearish crossed.
Should Ripple still be able to hold above the support between 0.4 – 0.46 USD, XRP will find significant Fibonacci resistance at the 200-week and 50-week EMA, at around 0.55 USD and 0.7 USD.
Overall, the Ripple price is about to break out bearishly, which could allow XRP to correct for support between 0.115 – 0.17 USD.
In the monthly chart, Ripple is clearly bearish
XRP Price Chart from Tradingview
There are hardly any bullish signs on the monthly chart. Thus, the MACD is clearly bearish, because the histogram ticks bearishly lower, while the MACD lines remain bearishly crossed. The RSI gives neither bullish nor bearish signals.
In addition, the Ripple price broke through the 50-month EMA bearishly and if XRP cannot hold above the support between 0.4 – 0.46 USD, XRP may correct 55– 70%.
Without a break in the golden ratio at around $ 2.1, Ripple’s trend remains bearish anyway.
It also looks bearish for Ripple against BTC
XRP Price Chart from Tradingview
Also against BTC, Ripple continues the downtrend. The XRP price finds the lower trend line of the symmetrical triangle almost 30% below the current price level. If Ripple breaks this bearish, Ripple could fall around 68%, because then the Ripple price will only find support again between 0.0000044 – 0.0000063 BTC.
If XRP unexpectedly rises sharply, it will already find significant resistance at 0.000023 BTC and 0.00003 BTC.
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