bullish

<p>Ripple’s price has been bearish over the last few weeks as it failed to continue its upward momentum. Looking at the technical charts, more downsides are probable in the short term.</p> 
<h2 id="ripple-price-analysis-technicals">Ripple Price Analysis: Technicals</h2> 
<h3 id="b-the-usdt-paired-chart-b"><b>The USDT Paired Chart</b></h3> 
<p>By Edris Derakhshi (TradingRage)</p> 
<p>Against USDT, the XRP price has recently crashed below the $0.6 level and the 200-day moving average, which is located around the $0.55 mark.</p> 
<p>With the RSI also showing values below 50%, the momentum is clearly bearish. The market is likely to drop toward the $0.5 support level in the upcoming days and even lower toward the $0.43 support zone if the $0.5 level is broken.</p> 
<figure id="attachment_367628" aria-describedby="caption-attachment-367628" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT-Daily-Oct-24-2024-scaled.jpg" data-wpel-link="internal"></a>
 <figcaption id="caption-attachment-367628" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure> 
<h3 id="b-the-btc-paired-chart-b"><b>The BTC Paired Chart</b></h3> 
<p>The XRP/BTC chart shows a similar behavior, as the price has dropped below the 850 SAT support level and the 200-day moving average, located around the same price mark.</p> 
<p>Therefore, a further decline toward the 600 SAT area could be expected if the market does not climb above the 200-day moving average soon.</p> 
<p>Meanwhile, the RSI is reaching the oversold regions, which could point to a potential bullish reversal or consolidation in the short term.</p> 
<figure id="attachment_367629" aria-describedby="caption-attachment-367629" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-24-2024-scaled.jpg" data-wpel-link="internal"><img class="wp-image-367629 size-full" src="https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-24-2024-scaled.jpg" alt="xrp_price_chart_2410242" width="2560" height="1307" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-24-2024-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-24-2024-300x153.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-24-2024-1024x523.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-24-2024-768x392.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-24-2024-1536x784.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-24-2024-2048x1046.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPBTC-Daily-Oct-24-2024-50x26.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 <figcaption id="caption-attachment-367629" class="wp-caption-text">
  Source: TradingView
 </figcaption>
</figure> 
<p>The post <a href="https://cryptopotato.com/is-xrp-in-danger-of-falling-below-0-5-ripple-price-analysis/" rel="nofollow">Is XRP in Danger of Falling Below $0.5? (Ripple Price Analysis)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.</p>

Is XRP in Danger of Falling Below $0.5? (Ripple Price Analysis)

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