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


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