XRP withdraws towards $ 0.5 because the mood stalls, is the rally over? (Ripple price analysis)

XRP withdraws towards $ 0.5 because the mood stalls, is the rally over? (Ripple price analysis)
rippleder price of has risen sharply in the past few weeks after it broke out over the significant resistance brand of $ 0.43. However, it could be too early for the bulls to celebrate the end of the bear market, there are warning signals.
technical analysis
from: edris
XRP/USDT-TACTART:
The price has risen almost vertically in the past few weeks after it broke out over the $ 0.43 mark and the sliding 50-day and 200-day average, which is around 0.4 dollar brand.
These moving average are also about to be used to cross the 200-day average almost upwards. However, it does not look so good from the point of view of the classic price action.
The price was decidedly rejected by the important resistance brand of $ 0.55, and the RSI shows a clear declining divergence between the last two highs, which indicates that a correction could occur soon. In this case, the level of support of $ 0.43 would be the first potential support area.
Tradingview
XRP/BTC daily diagram:
against BTC it looks even worse because the price apparently falls back into the vulnerable descending channel after it has been rejected by the gliding 200-day average around 0.00002 satellite. If the satellite level of 0.000018 cannot be kept, the recent outbreak would be considered a fake and could lead to the short term that the price within the channel falls deeper towards the SAT from 0.000016.
If the market recovered from the current area, the sliding 200-day average would be the first goal, followed by the static level of 0.000022 Sat. Based on the current price movement, however, a pullback seems more likely.
Tradingview
.