Ripple (XRP) faced strong selling pressure near the key resistance zone at $0.55, where the 100-day and 200-day moving averages intersect.

This led to a sharp rejection and a subsequent price decline of 14%. The asset is now testing the support at $0.5, which may lead to consolidation.

The 4-hour chart shows the continuation of the downtrend. The price entered a significant support zone between the Fibonacci levels of 0.5 ($0.52) and 0.618 ($0.49). A break below the 0.618 level may lead to further decline to $0.46.