**News Flash: Ripple Slips, XRP Heads for $0.50?**
Hello, crypto lovers! 🚀 Ripple (XRP) has just experienced major selling pressure at the $0.65 resistance zone, leading to a sharp decline. Is this a sign of bearish dominance?
**XRP Analysis:**
- **Daily Chart:** XRP briefly approached the upper boundary of the rising wedge and the key $0.65 resistance zone, but was immediately rejected. Now, Ripple is in the crucial price range of $0.5-$0.55, possibly a short-term consolidation.
- **4-Hour Chart:** There was a false breakout above $0.65, but selling pressure brought the price back into the flag pattern. XRP is now testing key supports at the 0.5 Fibonacci level ($0.52) and 0.618 ($0.48).
Will XRP continue to fall to $0.50? Let's discuss in the comments!