Crash

bullish

when

<p>Ripple’s price has once again disappointed investors, as the market crashed just when it began a seemingly new bull run.</p>
<h2 id="xrp-price-analysis">XRP Price Analysis</h2>
<p>By <a href="https://crypoptionhub.com/authors/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Edris Derakhshi (TradingRage)</a></p>
<h3 id="b-the-usdt-paired-chart-b"><b>The USDT Paired Chart</b></h3>
<p>Against USDT, XRP has failed to stay above the $0.6 level, and it has also broken below the 200-day moving average following an unexpected crash.</p>
<p>The RSI also shows values below 50%, indicating that the market momentum is bearish.</p>
<p>If the price does not successfully climb back above the 200-day moving average, a further drop toward the $0.5 support level could be expected.</p>
<figure id="attachment_366890" aria-describedby="caption-attachment-366890" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT-Daily-Oct-18-2024-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-366890" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure>
<h3 id="b-the-btc-paired-chart-b"><b>The BTC Paired Chart</b></h3>
<p>Looking at the XRP/BTC pair, the market is demonstrating similar behavior.</p>
<p>The price has broken below the 200-day moving average and is also breaking through the 800 SAT support level. As it stands, a further decline toward the 600 SAT support zone seems more probable than any other bullish scenario.</p>
<p>This would change if the market breaks back above the 200-day moving, located around the 900 SAT mark.</p>
<figure id="attachment_366889" aria-describedby="caption-attachment-366889" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-18-2024-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="wp-image-366889 size-full" src="https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-18-2024-scaled.jpg" alt="xrp_price_chart_1810242" width="2560" height="1307" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-18-2024-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-18-2024-300x153.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-18-2024-1024x523.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-18-2024-768x392.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-18-2024-1536x784.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-18-2024-2048x1046.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-18-2024-50x26.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <figcaption id="caption-attachment-366889" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/ripple-price-analysis-xrp-unable-to-overcome-0-55-is-a-crash-imminent/" rel="noopener noreferrer nofollow">Ripple Price Analysis: XRP Unable to Overcome $0.55, is a Crash Imminent?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple Price Analysis: XRP Unable to Overcome $0.55, is a Crash Imminent?

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