Ripple Risk of Diving Down

Ripple Risk of Diving Down - Ripple against US Dollar traded lower and broke the $0.3500 support level. Th price tested the $0.3400 level and it is currently consolidating losses. The present action is bearish below $0.3600 and the 100 hourly SMA. an initial resistance is near the 23.6% Fib retracement level recent slide from the $0.3753 high to $0.3400 low. Global xchange.

Global exchange. From the above chart, XRP price is trying to recover above $0.3600. If sellers are in action, the price could break the $0.3400 low. The next support line is at $0.3300, below which may go till $0.3180. global X change. MACD for the pair is currently flat in the bearish zone and the RSI is now around 35 level.