XRP/USD Technical Analysis: Bear’s growl scares bulls away

XRP has overtaken Ethereum [ETH] and become the second-largest cryptocurrency with its market cap $14 billion. The prices have collapsed below their supports and are currently trading at $0.35.The one-hour chart for XRP shows that uptrend that existed for a few days has vanished completely, without a trace due to today’s massive crash which is still on-going. The downtrend, however, extends from $0.39 to $0.35. The support at $0.358 has been breached and a new support at $0.348 has been created. The resistance point at $0.39 is holding strong.The uptrend for XRP extends from $0.29 to $0.36, while the downtrend extends from $0.90 to $0.37. The support at $0.26 while the resistance points are holding steady at $0.58, $0.68, and $0.90.