Crypto Blog
Ripple recently faced rejection at the key resistance level of $0.64, causing the price to drop toward the lower boundary of its current range, closely aligning with the 200-day moving average at $0.55.
The bearish divergence observed between the price and the RSI indicator on the daily timeframe underscores the weakening bullish momentum, suggesting that sellers are attempting to push the asset below this important moving average.
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