The price of Ripple coin (XRP) has been bearish and trading sideways below the moving average lines. It has been in a range of $0.43 to $0.64 since August 5. On September 6, it fell below the moving average lines and reached a low of $0.50, but the decline was halted by bulls and an upward correction was initiated. However, the altcoin's upward move faced resistance and it is now heading down again. If XRP retraces and breaks the existing support, it could return to its previous low of $0.43. If the current support holds, it will continue to trade below the moving averages in a narrow range. The resistance levels are $0.80 and $1.00, while the support levels are $0.40 and $0.20. This analysis and forecast are the personal opinions of the author and should not be seen as a recommendation to buy or sell cryptocurrency. Readers should conduct their own research before investing.



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