The article discusses Ripple's recent price decline towards the $0.5 support region and its subsequent corrective consolidation phase. The 100-day moving average is seen as a crucial resistance level, and if selling pressure increases, the price could decline further towards the $0.43 support zone. However, a breakout above the 100-day MA could trigger a rally towards $0.62. On the 4-hour chart, Ripple is currently in a bearish continuation flag pattern, suggesting the potential for further downside if the price breaks below the pattern's lower boundary.
- Content Editor ( cryptopotato.com )
- 2024-10-21
Ripple Price Analysis: This Is How XRP Can Avoid a Drop to $0.5