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Many hoped that the psychological support level of $0.50, which <a href="https://u.today/ripple-ceo-on-xrp-institutional-interest-stays-high">XRP</a> has been circling, would hold. The persistent downward trend and the state of the market however imply that $0.50 may not be a strong enough barrier, increasing the possibility of additional downside. Here are three crucial levels to keep an eye on as possible support points in case XRP makes a significant decline below this <a href="https://www.tradingview.com/">level</a>.
After a break below $0.50, the $0.48 zone, which has previously displayed some buying interest, might serve as the first line of defense. Despite being a small level, it might offer short-term support while traders and investors reevaluate their holdings. A bounce here would suggest that there is some interest in protecting XRP at lower levels, but it might not last long if there isn't any volume or momentum at $0.48.
<img src="https://u.today/sites/default/files/inline-images/image_1379.png" data-entity-uuid="1c89bdee-cf80-4855-8b52-5f8eb1fc2168" data-entity-type="file" alt="XRPUSDT" data-caption="<a href=&quot;https://www.tradingview.com/&quot;>XRP/USDT Chart by TradingView</a>">
The next important support level to keep an eye on is $0.45 if $0.48 fails. The price stability of XRP is critically dependent on this level, which has historically served as both support and resistance. A more significant decline might be avoided if <a href="https://u.today/why-does-xrp-price-fail-to-rally">XRP</a> finds strong buying interest at this time; $0.45 however might only slow the decline rather than completely halt it if bears maintain control.
Support at $0.42: This level might act as a stronger support point; $0.42 has historically been a key area and might draw buyers seeking a possible relief rally or reversal. If XRP drops to this level, it could be a crucial moment for bulls to reorganize and attempt to rally. However, <a href="https://u.today/xrp-crucial-candlestick-pattern-reversal-incoming-can-bitcoin-btc-regain-70000-momentum-ethereum">XRP</a> could potentially fall even further if it were unable to maintain above $0.42. In conclusion, these levels — $0.48, $0.45 and $0.42 — are critical for investors to keep an eye on because XRP is displaying weakness at $0.50.
Watching for buying volume and momentum as XRP moves closer to these regions is crucial for determining the possibility of a reversal. In the absence of robust support, XRP may experience a protracted decline, which would push investors searching for a reliable entry point lower on the chart. <a href="https://u.today/3-xrp-levels-to-watch-if-05-gets-broken">Read original article on U.Today</a>

3 XRP Levels to Watch if $0.5 Gets Broken

U_Today

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