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Cryptopotato

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Ripple Price Analysis: Is XRP Headed for a Drop to $0.5?

  • Ripple's price has recently experienced a significant decline, failing to hold above the $0.6 resistance level and the 200-day moving average.
  • The market has also failed to climb above the 200-day DMA, with the RSI below 50%, indicating bearish momentum.
  • In the short term, a decline towards the $0.5 level is expected for the USDT pair.
  • The XRP/BTC chart shows a similar pattern, with a potential downtrend towards the 600 SAT support zone if the 800 SAT level is broken.

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