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  • Ripple trades nearly 5% lower on a tough Monday for cryptocurrencies.
  • The price is now firmly consolidating under the 0.30.

XRP/USD 4-Hour Chart

Ripple is making lower highs and lower lows and a break of 0.26 would confirm this.

The two main trendlines are still intact and the price would need to deteriorate further for them to be under threat.

This could still be a deep retracement and the next major support is at 0.2550.

The XRP/USD pair has fallen 22% from the recent high of 0.3463 on February 15th.

Ripple

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