CandleFocus Ripple Price Analysis: XRP Unable to Overcome $0.55, is a Crash Imminent?
2024-10-18
Author: Content Editor
The price of Ripple (XRP) has disappointed investors as the market crashed during what appeared to be a new bull run. XRP has failed to stay above $0.6 against USDT and has broken below the 200-day moving average, indicating bearish market momentum. Further drop towards the $0.5 support level is expected if the price does not climb back above the moving average. Similarly, the XRP/BTC pair has also broken below the 200-day moving average and is breaking through the 800 SAT support level. Unless the market breaks back above the moving average, a further decline towards the 600 SAT support zone is likely.
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