Ripple's crypto asset XRP has been staying in a bearish trend in the recentdays, hinting a possible crash down to the $0.45 mark. The current market support is the 50-day moving average located around the $0.46 level. According to technical analysis, a breakdown of this crucial support level would result in a retreat to the $0.4 level, which is the bottom of the 200-day moving average. On the other hand, if the $0.4 and 200-day support levels hold up, it could meana potential breakouts above the current resistance located at $0.6. Furthermore, the Relative Strength Index (RSI) for XRP is currently below the 50% mark, which further supports the theory of a downswing.

Analyzing the XRP/Bitcoin (BTC) chart, it seemingly confirms the bearish forecasts. The 50-day moving average has been broken to the downside, which may causes the price of XRP to further plunge down to 0.000012 support level. Likewise, the RSI also points to the overwhelmingly bearish momentum.

It is therefore likely that Ripple will drop more in the short-term. However, this downfall is also a great buying opportunity, since in the long-term, XRP could turn around and rebound, especially if the critical support levels hold. Ultimately, the current market movements are normal corrections that occur during lengthy uptrends, and up to the moment, the trajectory of XRP has yet to show any signs of reversing its course.



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