XRP turned bearish after failing to clear key resistance. Let's look at several technical indicators that can provide important information about the current state of the market and its possible direction. 📉

Key support levels: $0.48, $0.43. Key resistance levels: $0.55. A second attempt to break the 55 cent resistance was rejected by sellers and XRP has remained bearish since then. If buyers do not find the strength to overcome this level, it is unlikely that this cryptocurrency will be able to update its highs. 🚫

Since its last high in March, XRP volume has been falling with consistently lower highs over the past two months. This confirms that market participants are simply not interested in returning to this market at this time.

To make matters worse, the MACD on the daily chart has made a bearish cross this week. There will likely be lower lows in the future, especially if the 48 cent support falls. Watch for key support, it will be decisive in the coming days.