- Both the 50 SMA and the 100 SMA are limiting upward movements at $0.3189 and $0.3298 respectively.
- The current consolidation is likely to culminate in further declines.
XRP/USD daily chart shows a cryptocurrency that is struggling to escape the long-term bear pressure. The price is battling with the resistance from the six-months-long falling wedge pattern. Besides, both the 50 SMA and the 100 SMA are limiting upward movements at $0.3189 and $0.3298 respectively.