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Ripple (XRP) Falls 5%: Will Bulls Get Back In the Game? 3m ago by

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XRP dropped from $0.66 to $0.63 as bears continued to dominate the market.

The bulls may need to beat the $0.67 resistance if there is any chance of reclaiming $0.70.

XRP may fall to $0.60 if the price continues to weaken, as indicated by the EMA.

Ripple (XRP) printed red bars continuously as the price fell from $0.66 to $0.63, CoinMarketCap data revealed. This decline represents a 5.06% decrease in the last 24 hours.  After observing the XRP/USD 4-hour chart, XRP was on its way to retesting the $0.65 level. 

But to achieve a notable uptrend, buying strength needs to overwhelm selling pressure. A look at the Relative Strength Index (RSI) showed that the indicator was 38.51. Such a reading implies that sellers were in control on November 13, when the RSI dropped from 53.42. At the same time, the decrease in the RSI reading may present a buying opportunity for some traders. 

If a rush of XRP accumulation appears at $0.62, then a jump above $0.65 could be on the radar in the short term. But if bulls were to target $0.70, the resistance at $0.67 needs to be passed.

XRP/USD 4-Hour Chart (Source: TradingView)

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