After undergoing a significant decline, breaching multiple crucial support levels, Ripple’s price has found stability near the important $0.5 mark. However, the cryptocurrency is currently in a sideways consolidation phase around this threshold, displaying minimal volatility.
Ripple Price Analysis: Technicals
By Shayan
The Daily Chart
A detailed analysis of the daily chart indicates that after a substantial downward movement, Ripple has reached a critical juncture around the $0.5 mark, where it has found support and entered a consolidation phase. Despite this, the price lacks significant momentum and is accompanied by minor fluctuations.
Yet, XRP appears poised to complete a pullback to the previously breached ascending trendline at $0.53, potentially signaling another downward movement.
Additionally, the RSI indicator has dipped into oversold territory, suggesting the possibility of corrective retracements. Nonetheless, the cryptocurrency is anticipated to continue consolidating wit
We współpracy z: https://cryptopotato.com/ripple-price-analysis-whats-next-for-xrp-following-the-recent-crash/
