XRP Can’t Go Above $0.55, Is It An Imminent Crash?

Ripple’s price has once again disappointed investors as the market crashed just as it began a seemingly new bull run.

XRP Price Analysis

By Edris Derakhshi (TradingRage)

The USDT Paired Chart

Against the USDT, XRP failed to hold above the $0.6 level and also broke below the 200-day moving average after an unexpected crash.

The RSI is also showing values ​​below 50%, indicating that the market momentum is bearish.

If the price does not successfully rise again above the 200-day moving average, a further decline towards the $0.5 support level could be expected.

Source: TradingView The BTC Paired Chart

Looking at the XRP/BTC pair, the market is showing similar behavior.

The price has fallen below the 200-day moving average and is also breaking above the 800 SAT support level. As it stands, a further decline towards the 600 SAT support zone seems more likely than any other bullish scenario.

This would change if the market breaks above the 200-day moving average, located around the 900 SAT mark.

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