Ripple is facing strong selling pressure after a rejection at the $0.65 resistance level, which sent the price down 23%. 📉 Having broken the 100- and 200-day moving averages, XRP is signaling a possible continuation of the downtrend towards the $0.5 mark.

The 4-hour chart shows that sellers are dominating despite bulls trying to reclaim the $0.65 level. The immediate support is in the $0.49-$0.52 range, where a short-term pullback or consolidation is possible.