Ripple Investor's Patience Test: Critical Moment for XRP Owners! Here is the striking chart that emerged after the 700-day trend line.

The fluctuation of the Ripple (XRP) price over the last three weeks has left #XRP holders wondering what the future may hold. In fact, we are faced with an important decision moment. Ripple price violated the sloping trend line formed since June 2022. The decline on April 8 broke below this critical support line, causing the weekly candlestick to break the sloping trend line and the weekly support level at $0.532.

Ripple price has been oscillating between $0.532 and $0.468 lately, and no obvious trend seems to be emerging. On the weekly time frame, the Relative Strength Index (RSI) has fallen below the average level of 50, indicating that the bullish momentum is weakening and sellers are gaining strength.

Likewise, the Awesome Oscillator is also trending below the average 0 level. Both momentum indicators suggest the possibility of the market turning in favor of the bears.

The cryptocurrency market has followed a volatile course recently, making investors nervous. #XRP , in particular, is teetering with great uncertainty in this volatile market environment. #Bitcoin's (BTC) recovery and breaking the $70,000 resistance could be a ray of hope for altcoins. However, it is a matter of curiosity what effect this ray of hope will have for Ripple (XRP).

If Bitcoin rises above $70,000 as predicted, a recovery rally is expected in altcoins. In this case, Ripple price will need to overcome the $0.532 resistance level and turn into a support base. This development will attract expectant investors and play a key role in pushing Ripple into the sloping trend line. The next target for XRP could be a retest of the $0.696 resistance level in the event of a rapid rise.
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