Ripple (XRP) Price Indicators Show Vulnerability To A Sharp Decline

[Dociko]

Ripple is facing an uphill task near the $0.2500 resistance against the US Dollar. XRP price could nosedive if it struggles to clear the main $0.2500 barrier.

Ripple is currently consolidating above the $0.2425 and $0.2380 levels against the US dollar.
The price is facing a strong resistance near the $0.2500 level and the 100 hourly simple moving average.
There is a key declining channel forming with resistance near $0.2505 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair could decline heavily below the $0.2425 support unless it surges past $0.2500.
Details: https://www.newsbtc.com/2020/09/21/ripple-xrp-price-vulnerability-sharp-decline/?amp