Ripple price analysis: No more gain before the end of pain

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  • Ripple price falls to Dec lows.
  • Some more pain left before any meaningful gain.

Ripple, the payments solutions cryptocurrency, crashed on Saturday to the lows last seen in December last year when the crypto world was at its shiny best – as against darkest today.

XRP/USD is down 7 percent on day at $0.2962, at the low point of the day as the broader sell-off in the crypto world is affecting one and all after the ETF rejection by the SEC. On the 720-minute chart, as long as XRP stays below this descending trendline, it would continue to find selling pressure at higher levels.

Immediate strong support is as dip as $0.23-$0.24 levels, seen back in December last year from where the crypto rallied to its all time highs in a matter of days.

XRP/USD 720-minute chart:

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