Red rectangle- resistance
Green rectangle- support (broken)
Very bad day to be bullish crypto today. XRPUSD broke below key support of $0.42 and as expected has declined towards $0.38 which was our first target and even lower. XRPUSD has provided a new bearish signal as price broke below a double bottom. XRPUSD is trading around $0.35 and as long as price is below $0.5075, trend will remain bearish. Next support level to be tested is at $0.29. Bulls need to defend the $0.29 level otherwise more selling pressures will follow and price will decline towards $0.15.
