• XRP has been declining against both USDT and BTC following a rejection from the $0.6 area.
• The price is currently testing the 200-day moving average around the $0.42 mark, while a break of 0.000015 support against BTC could lead to further losses.
• If a rebound occurs, the 50-day moving average near the $0.48 mark would be the first likely target in the coming days.

XRP Price Analysis

Ripples price has been sinking over the last few months following a clear rejection from a key resistance level at $0.6 area.

Against USDT

It is currently within a decisive area around the 200-day moving average near the $0.42 mark, and the outcome would likely determine its mid-term trend.

A break below these levels would be catastrophic for Ripple, as it could rapidly plunge toward $0.3 or even lower in short term.

If rebound occurs, then 50-day moving average located near the $0.48 mark would be first likely target in coming days.

Against BTC

Ripple is still trapped inside large descending channel after failing to break above it on numerous occasions.

The 50-day moving average near 0.000017 level has also been broken to downside, and 0.000015 support is being penetrated.

Breakdown of this level would result in deeper decline towards 0.000013 level with RSI values below 50% showing momentum in favor of bulls.


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