Ripple (XRP) Price Turns Red: Indicators Suggest Upsides Likely To Remain Capped

[Cinno3]

Ripple is down 5% and it broke the key $0.2380 support zone against the US Dollar. XRP price is currently consolidating losses and upsides are likely to remain capped. Ripple Price Dives 5%
After a failed attempt to clear the $0.2500 resistance, ripple started a fresh decline. XRP price broke the $0.2440 and $0.2420 support levels to move into a bearish zone.

The decline gained pace below a major declining channel with support near $0.2415 on the hourly chart of the XRP/USD pair. The pair is down 5% and it is now trading well below the 100 hourly simple moving average.
More: https://www.newsbtc.com/news/ripple/ripple-xrp-price-turns-red/