Ripple Price Prediction: XRP rejected at $1.30, what’s next?

TL;DR Breakdown Ripple price is expected to fall to $1.20The closest support level lies at $$1.25XRP faces resistance at the $1.30 mark The Ripple price was rejected at the $1.30 mark after stagnating at the $1.25 mark for the last three days. Since the rejection, XRP has moved downwards as the selling pressure increased. While the $1.25 mark provides a short-term support, the selling pressure has not yet subsided.  The broader cryptocurrency market observes a bullish market sentiment over the last 24-hours as most major cryptocurrencies record positive movements. Major players include Cardano and Binance Coin that record a 12.85 and a 10.77 percent incline, respectively.  Technical indicators for XRP/USDT: Bears struggle for dominance Technical indicators for XRP/USDT by Tradingview Across the technical indicators, the MACD has exhibited two crossovers in the last two days. While the indicator has just turned bullish, the histogram shows declining bullish momentum as expressed in the light green bar. This shows a lack of buyer momentum and increasing selling pressure above the $1.25 level.  The EMAs are moving downwards with a very gentle slope showing bearish dominance in the market. However, the two EMAs remain converged showing low momentum at press time. Nonetheless, as the Ripple price falls towards the $1.230 mark.  The RSI is currently neutral and trades close to the 50.00 index level showing low ...