Ripple price’s recent trades are confined within bearish pennant pattern, and the EMA50 forms continuous negative pressure against the price, while stochastic shows clear negative signals now.
Therefore, these factors encourage us to continue suggesting the bearish trend in the upcoming period, which targets 0.24 level as a next main station, while holding below 0.42 represents key condition to continue the expected decline.
Expected trading range for today is between 0.20 support and 0.35 resistance
Expected trend for today: Bearish