Cryptocurrencies suffered another leg down amid "socialized clawbacks" and other issues...Ripple is in trouble.
Ripple is in a mire. It is easy to see why it cannot rise but it is too easy to see it collapse. A hard cap awaits at $0.4250 which is the confluence of last month's low, the BB 4h-Lower, the 4h low, the BB 15m-Middle, the 1h-high, and the SMA 5-1h. Overcoming that level opens the door to limited gains towards $0.4311 where we see the congestion of the SMA 200-15m, the SMA 50-1h, the Fibonacci 61.8% one-day, the BB one-hour Middle, the SMA 5-4h, and the SMA 100-15m. And it does not get better above that line. The XRP/USD has some support at $0.4212 where we see the meeting point of the Fibonacci 161.8% one-day and the BB 15m-Lower. Further down, support clusters are few and far between. Substantial support is only at $0.4067 which is the Pivot Point one-week Support.
All in all, there is more support than resistance. The path of least resistance is down for Ripple.
See more for yourself,
here.