💥 $XRP faces a crucial test at $0.45: Is a crash to all-time low likely? - AMBCrypto Analytics

Ripple [XRP]  is wrestling with a critical support level after a 13% drop since the 25th of May. The rejection has left investors in a dilemma, wondering if XRP will plunge to its all time low or if a bullish surge is on the horizon after a likely price reversal.

As of this writing, XRP was consolidating in a bullish pennant, with an impending breakout point in nearing. The price is currently fluctuating around the support level at $0.45.

If the price closes below this level, a further price fall to the all time low may be witnessed.  However, if XRP holds this support and builds enough bullish momentum, a price reversal towards the $0.53 resistance level is within reach.

The stochastic RSI (23.27) is in an oversold zone, indicating an impending bullish reversal.