Ripple price shows more bearish bias to settle below the main bearish channel’s resistance line, falling under continuous negative pressure coming by the EMA50, reinforcing the expectations of continuing the bearish trend in the upcoming period, reminding you that our next target is located at 0.34.
Holding below 0.52 is important to continue the expected bearish bias, as breaching it will push the price to achieve intraday gains that start at 0.63 and might extend to 0.75 before any new attempt to decline.
Expected trading range for today is between 0.34 support and 0.52 resistance
Expected trend for today: Bearish