Ripple's recent activity shows a bearish trend as it has been rejected at the 200-day moving average of $0.53. This has halted its upward momentum and pushed the price back toward the $0.5 support level. Concerns about Ripple's prospects have been raised. The cryptocurrency is currently trading within the $0.5-$0.53 range, with the next mid-term trend likely to be defined by an impending breakout. On the 4-hour chart, Ripple is consolidating within a crucial support zone between the 0.5 and 0.618 Fibonacci retracement levels. Resistance has been encountered around the 0.618 level, suggesting seller activity. While there is potential for a bullish rebound if Ripple breaks above this resistance, a continuation of consolidation or a bearish breakdown below $0.5 is more likely in the short term. A decisive break below $0.5 would signal a potential sustained downward trend.



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