The post XRP Price Analysis: Will Bears Push The Price Below $0.40? Here’s What Next appeared first on Coinpedia Fintech News
At the start of the week, there were signs of recovery in US regional bank stocks, fueling optimism for a resolution to the banking crisis. However, the price of Bitcoin dropped due to Binance’s suspension of Bitcoin withdrawals, causing Ripple’s XRP price to take a hit. Within the last 24 hours, XRP has declined by over 2% and is currently trading close to $0.42.
According to the YouTube channel More Crypto Online, XRP may decline due to uncertainty. After analyzing a wave count, they said that there might be a downward move. However, there are different ways to count the waves, either as an A or B wave or even as an Elliott wave triangle, which creates some uncertainty.
They suggest staying focused on the downside as long as the price remains below the last swing high of $0.47. They also mention a possible target of $0.37.4 based on a one-to-one ra
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