CandleFocus More Pain for XRP Likely as Sellers Target $0.5: Ripple Price Analysis
2024-09-06
Author: Content Editor
The cryptocurrency Ripple has broken below the 200-day moving average, indicating the presence of sellers in the market. The price is now testing the 100-day moving average, and a successful break below this level could lead to a significant decline. If the support level holds, there is a chance for a bullish reversal, but current price action suggests a break below the support zone is more likely. On the 4-hour chart, Ripple is within a crucial range, with support at $0.53 and resistance at $0.64. If the support is broken, a liquidation event may occur, pushing the price lower.
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