Ripple’s Price Plummets as Bearish Signals Intensify

Ripple’s price has experienced a significant drop, triggered by a rejection at its upper wedge boundary. This bearish development is further fueled by XRP slipping below both the 100-day and 200-day moving averages, marking a crucial technical breakdown that suggests an extended correction might be underway. The recent attempt to break out of its long-standing consolidation range was met with heavy selling pressure, breaking below key support levels.