XRP falls $0.037 following previous session close at $0.533

Ripple crashes after losing $0.037, breaking down to $0.497.

Ripple made an initial break below its 21 day Simple Moving Average at $0.514, a possible indication of a forthcoming negative trend. XRP's upper Bollinger Band® is at $0.529 which indicates a further downward move may follow. Ripple bounced after reaching the $0.515 support zone, climbing 2 cents above it.

Overall, the technical analysis landscape suggests that on the balance of probability, XRP is expected to maintain its bearish bias.

In the meantime, negative performances are also seen in other markets, EOS is down to $1.12, losing $0.094, after closing at $1.22 in the preceding trading session. Litecoin is down to $95.32, losing $6.46, after closing at $101.78 in the preceding trading session. Dogecoin is down to $0.088, losing $0.006, after closing at $0.094 in the preceding trading session.

Ripple has managed to gain 52.9% so far this year despite trading at lows around $0.307 previously. Ripple has a market cap of 25.70 billion with an average daily volume of 1.37 billion.