Ripple Price Analysis: This Is How XRP Can Avoid a Drop to $0.5

Crypto Blog

Ripple has been experiencing a slight corrective consolidation stage following a notable plummet toward the $0.5 region.

Ripple’s price recently experienced a significant decline toward the $0.5 support region, a level that has acted as a reliable foundation for the asset in recent months. After reaching this critical support zone, XRP entered a corrective consolidation phase, retracing toward the previously broken 100-day moving average of around $0.57.

Ripple could resume its bearish trend, targeting the $0.43 support zone as the next long-term objective. Conversely, a breakout above the 100-day MA could trigger a short liquidation event, potentially resulting in a rally toward $0.62.On the 4-hour chart, Ripple’s recent downtrend found support at the 0.5 and 0.618 Fibonacci retracement levels, key demand zones in recent months. This decisive support region halted the decline, allowing for a slight consolidation toward the $0.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Crypto_Potato /  🏆 568. in US

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ripple Price Analysis: XRP Could See Massive Bull Run if it Breaks Above This LevelCrypto Blog
Read more »

Ripple Price Analysis: XRP Skyrockets 10% in 2 Days but is the Rally Over?Crypto Blog
Read more »

Ripple Price Analysis: Is XRP Headed for a Drop to $0.5?Crypto Blog
Read more »

Ripple Price Analysis: Calm Before the Storm for XRP Following Long Consolidation?Crypto Blog
Read more »

Ripple Price Analysis: Is a Major XRP Rally Above $0.6 Possible?Crypto Blog
Read more »

Ripple Price Analysis: XRP Unable to Overcome $0.55, is a Crash Imminent?Crypto Blog
Read more »