The bulls haven’t stopped trying to stop XRP’s downtrend since April of this year. For now, the token is holding its losses, maintaining the $0.4205 level, but as the $0.4228 level is broken, the bear market could intensify due to shorts around the red downtrend line.
Much will depend on the daily close and whether that close is above or below the red downtrend line. The price movement inside the day will be the subject of a fierce struggle, in which both bears and bulls are involved.
Experts do not rule out a further drop in the price of XRP with a test of $0.3323 and possibly a dip to $0.30.
As mentioned above, a close above the trend line tonight would set the stage for a pullback to $0.4799 and confirmation of a trend change.