Ripple (XRP) is facing strong selling pressure after being rejected at the key resistance level of $0.65, leading to a 23% drop in price. This has pushed XRP below the 100- and 200-day moving averages, signaling a continuation of the downtrend.

- **Daily Chart**: XRP has broken the market structure, with the next support level at $0.5.

- **4-hour Chart**: Selling pressure from both smart and retail investors has pushed the price to the support zone of $0.49 - $0.52.

Although the downtrend is dominant, XRP is likely to see a short-term correction before establishing a new trend. 📉🔍