XRP Price Analysis: XRP Price Stuck In A Descending Channel as Bulls Fail to Hold Key Level
- XRP price falls nearly 40% from 3 year high of $1.95
- XRP price has been stuck in a descending channel
- Major support of $1.15 held XRP in yesterday's bloodbath
XRP price had a massive run to start off April with prices rising nearly 300% from $0.50 to $1.95. This rally was halted at the major resistance level of $1.95 as bears began to take control. For the last 4 days XRP has failed to break upwards out of its price channel. This bearish trend was sped up as BTC tumbled nearly 15% yesterday to $50,000.
