XRP at crossroads, are $ 0.5 or is there a further decline? (Ripple price analysis)

XRP at crossroads, are $ 0.5 or is there a further decline? (Ripple price analysis)

rippleder Price of was rejected a few weeks ago from an important level of resistance, which underlines indecisiveness. Nevertheless, there is still hope for the bulls that the rally is not over yet.

technical analysis

from: Edris

XRP/USDT daily diagram

The price of XRP could not break the resistance brand of $ 0.55 and has fallen since then. The sliding 50-day average currently offers support near the $ 0.46 mark, closely followed by the sliding 200-day average at around $ 0.41.

This meeting of support elements makes the $ 0.40 brand very important, and a breakthrough below would probably lead to a rapid decline in the coming weeks in the direction of the $ 0.3 brand.

On the other hand, a recovery from this area would pave the way for another test of the $ 0.5-$ resistance zone, with a greater probability for an interest bully outbreak this time.

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XRP/BTC-Ta-type

against BTC it doesn't look much better because the price has been rejected several times from the upper border of the large descending channel. The area of ​​0.000015 is currently being tested, and a breakthrough underneath would prove to be catastrophic for the bulls, since there is not much support in front of the 0.000013 mark.

The RSI also points to a dominance of the declining momentum by showing values ​​under 50 %. Therefore, a declining sequel seems very likely ripple on the paired BTC chart.

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