XRP (XRP) price has dropped 18.5% from its local high of $0.67 on Nov. 23. And, it appears the cryptocurrency will suffer more selloffs in the coming weeks.
XRP technicals hint at extended correction
XRP has failed to break above a descending trendline resistance since January 2018. And, it fell short of logging a breakout above in November 2023, as well, illustrating a psychological selling pressure around the line.
XRP/USD weekly price chart. Source: TradingView
Each bearish rejection after testing the descending trendline resistance has historically resulted in a…
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