Ripple has experienced a decrease in value over the past few weeks, but the market outlook remains positive for the medium-term. The price has broken below a rising wedge pattern and is consolidating around $2.5. While a further correction to $2 is possible, the overall trend is still bullish as long as Ripple remains above its 200-day moving average at around $1.3. The price action on the XRP/BTC pair is similar, with the market likely to decline to around 2,000 SAT. However, if the 200-day moving average remains below that level, Ripple could appreciate in value against Bitcoin.



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