Ripple has been going through a long-term downtrend for over 500 days. April 14, 2021, marked the last day the bulls dominated XRP and recorded a local high near $2. Since then, XRP price has dropped 80%. Recent attempts of the bulls to set up a new rally have failed.
Amid the bear market, XRP price has plunged below the key support level at $0,33 after a month of a sideways trend. This level has maintained the Ripple price since mid-2019.
