Ripple Risks Renewed Downward Movement to $0.51, Threat of Rejection at $0.73

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The price of Ripple (XRP) is in a downtrend after rejecting the high at $0.73. The recent uptrend to the high at $0.73 allows the bulls to rally above the previous low at $0.65. However, the uptrend has ended.
Ripple (XRP) Price Long-Term Forecast: Bearish
It is unlikely that Ripple will regain the previous highs of $0.96 and $1.10. If the bears break the previous low at $0.65 to the downside, selling pressure will resume.
The market will first drop to $0.59 and later to $0.31. Meanwhile, Ripple has fallen to support above $0.65. The bears are likely to break the support and later break the next support at $0.51. There are signs that selling pressure will extend to the low at $0.31. Ripple is now trading at $0.6470 at the time of writing. Ripple (XRP) Indicator Analysis
The market has fallen to the 40 level on the Relative Strength Index for period 14. Ripple is still in the bearish trend zone and is capable of falling lower. The 21-day and the 50-day SMA are sloping downward, indicating the downtrend. The 21-day SMA crosses above the 50-day SMA, which is a bearish signal. XRP is below the 60% area of the daily stochastic. The market is in a bearish momentum.Source