Technical analysis by ahmadinjast about Symbol XRP: Sell recommendation (10/8/2023)

XRP broke below its uptrend line in August and found support after hitting the $0.50 range (green box) and returned to this trend line, which has now become a resistance. Ripple crypto failed to break this trend line in three encounters and was rejected from the price range of $0.54 (red box). This price range has been one of the main price resistances in the last one to two years and now it has become one with our dynamic trend. After price rejection from this range, Ripple is expected to complete a downtrend to the green box. Of course, the main bearish target of Ripple can be considered around the price of $0.42 (green dashed line), but we need to see how the price will be around the green box to make a more confident opinion about the $0.42 target.