Ripple bulls show weakness 

Ripple bulls show weakness 

Ripple price broke below its 200-day EMA of around $0.554, and its daily support level was at $0.544 on October 2. It also closed below its ascending trendline. As of Monday, it trades around $0.540, approaching its crucial resistance levels.

If the 200-day EMA around $0.554, the daily level at $0.544 and the ascending trendline holds as resistance, XRP could decline to retest its September 6 low of $0.502.

The RSI indicator on the daily chart also trades below its neutral level of 50, indicating bearish momentum and a continuation of the downward trend.