Ripple takes a massive dive below the 0.4000 figure

XRP/USD daily chart

XRP/USD is correcting the bullish breakout the market had earlier in the week. 

XRP/USD 4-hour chart

XRP/USD is in consolidation mode above its main simple moving averages (SMAs). 

XRP/USD 30-minute chart

Ripple is trading below its main SMAs suggesting a bearish bias in the short term. The market is seen consolidating in the 0.3600 -0.4000 range. If bears can break 0.3600 then support is seen at 0.3400 and the 0.3200 price levels. Resistance is at 0.4000, 0.4200 and the 0.4400 levels.   

Additional key levels

 

Crypto Destroyer

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