#Ripple (XRP) technical analysis:
Trade setup: Price is in a downtrend. Price needs to break above stiff resistance area: horizontal $0.55 resistance, down trendline and 200-day moving average (~$0.58) to resume an uptrend. (set a price alert).
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
MACD Histogram bars are declining, which suggests that momentum is weakening.
Support and Resistance: Nearest Support Zone is $0.50, then $0.42.
The nearest Resistance Zone is $0.55 (previous support), then $0.65, and $0.75.
