Ripple's XRP has been trading within a narrow range between $0.52 and $0.54 since October 1. However, with the increasing bearish sentiment, the chances of a breakout above this range have diminished. The negative weighted sentiment and readings from XRP's Directional Movement Index indicate a growing bearish momentum for the altcoin. The Elder-Ray Index also supports this outlook. If selling pressure continues, XRP's price may drop towards $0.46 or lower. However, if bearish sentiment fades and new demand emerges, XRP could potentially rally towards $0.63.



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