đ Ripple price could not maintain its upward momentum and started to decline. However, there are a few support levels that could push the price higher again.
â On the chart matching USDT, the price recently rose to the $0.7 resistance level but is currently testing the $0.6 support level.
- If this level does not hold, the 200-day moving average, located around $0.57, will be an important support. When Ripple is trading above the 200-day MA, investors may be optimistic that the market can move higher. đ
- On the chart matching BTC, the situation looks worse for XRP. The price has been falling steadily for the last nine months and has not yet bottomed out.
â However, the 800 SAT support zone is currently preventing the coin from falling further. The Relative Strength Index still shows values ââbelow 50%, indicating that the momentum is still in a downward trend. Therefore, it is too early to predict that the market will finally bottom out. #XRP
