Ripple (XRP) has recently faced serious selling pressure at the $0.65 resistance, which has led to a sharp decline 📉. The price has broken the lower boundary of the rising wedge formation, indicating a bearish trend. XRP is expected to decline towards the $0.5 level.

On the daily chart, XRP was rejected from the $0.65 resistance, increasing the possibility of a short-term consolidation in the $0.5-$0.55 range. If the decline continues, the price could drop to the $0.5 support.

On the 4-hour chart, intense selling pressure was seen after a false breakout above the $0.65 level. It is currently being tested at the critical support area, and a short-term recovery and horizontal consolidation are expected. 🚀