XRP reaches the critical support of $ 0.5, but will the bulls finally take control? (Ripple price analysis)

XRP reaches the critical support of $ 0.5, but will the bulls finally take control? (Ripple price analysis)

rippleder price has consolidated in the past few months and has not shown a decisive movement in one direction or the other. The price could not break out of the current range, so that many investors wonder what could happen next.

technical analysis

from: edris

XRP/USDT-TACTART:

XRP was rejected by the resistance range of $ 0.6, which led to a retreat. The price currently finds support with the sliding 50-day average of around $ 0.49. If it continues, the sliding 200-day average is the next support level to be observed, which is close to the $ 0.43 mark.

The price must remain above these support levels, since falling under these support levels would have significant negative effects. In such a scenario, the cryptocurrency could possibly decrease even further.

Tradingview

XRP/BTC-Ta-type

compared to Bitcoin, XRP has experienced a significant reversal under the resistance mark of 2200 SAT. This decline went hand in hand with breaks under the sliding 200-day and 50-day average, which occurred, for example, on the satellite brand of 1800.

The next immediate price target seems to be a short-term renewed test of the 1500 satellite level.

The RSI indicator has dropped rapidly and approaches the oversized area, which indicates the possibility of consolidation or a possible break in sales pressure in the coming days. However, it is important to observe the price movement and further developments closely, since the total views for XRP on the BTC couple chart are still pessimistic.

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