Is XRP in danger of falling below $0.5? (Ripple Price Analysis)

Ripple’s price has been bearish for the past few weeks as it has been unable to continue its upward momentum. If we look at the technical charts, more short-term downside is likely.

Ripple Price Analysis: Technical The USDT Pair Chart

By Edris Derakhshi (TradingRage)

Against the USDT, the XRP price has recently fallen below the $0.6 level and the 200-day moving average, which is around $0.55.

With the RSI also showing values ​​below 50%, the momentum is clearly bearish. The market is likely to move down towards the $0.5 support level in the coming days and even move down towards the $0.43 support area if the $0.5 level is broken.

Source: TradingView The BTC Paired Chart

The XRP/BTC chart shows similar behavior as the price has broken below the 850 SAT support level and the 200-day moving average, located around the same price mark.

Therefore, a further decline towards the 600 SAT area could be expected if the market does not rise above the 200-day moving average soon.

Meanwhile, the RSI is reaching oversold regions, which could point to a possible near-term bullish reversal or consolidation.

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