The USDT Paired Chart
– Ripple’s price is currently testing the 200-day moving average on the USDT paired chart.
– If the moving average breaks down, the price will drop quickly towards the $0.43 level.
– A rebound from the 200-day MA could lead to a bullish move towards the $0.55 resistance zone.
– The RSI indicator showing values below 50% suggests a more likely bearish scenario.
The BTC Paired Chart
– XRP is trending down towards the 1800 SAT level on the BTC paired chart.
– The breakdown of the 2200 SAT level and the 50-day moving average around the 2100 SAT area contributed to this trend.
– Bulls hope that the 200-day moving average near the 1800 SAT mark will prevent further price drop.
– If XRP breaks below this support zone, the situation will worsen on the Bitcoin-paired chart.
Hot Take
Ripple’s price is showing bearish signs on both the USDT and BTC paired charts. The support levels are being tested, and if they break, the drop could escalate even faster. The RSI indicator and the breakdown of key levels are indicating a more bearish scenario. It is important to closely monitor these charts and be prepared for potential price drops.
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