Ripple price seems to be playing with us, you know! 🎭 Over the last 8 months, Ripple's price consolidation has been quite frustrating. However, it seems like there is change coming, but not necessarily for the better.
On the XRP/USDT chart, Ripple's price is experiencing a slow decline, even breaking through the $0.5 level and falling to $0.37. But don't worry, the $0.4 support zone managed to prevent the daily candle from closing below the area and is currently still holding. So, there is a possibility of a recovery towards the $0.5 level in the near term. However, if this level is broken, prices could fall even further.
Meanwhile, on the XRP/BTC chart, Ripple showed better resilience than Bitcoin during the recent crypto downturn. The price managed to recover from the 700 SAT support level and is currently moving towards the 900 SAT resistance zone.
If the market is able to break the 900 SAT level and the 200-day moving average, Ripple could start a new uptrend on the BTC pair and possibly also on the USDT pair.
What do you think, are the bears done playing around with Ripple? Come on, discuss it in the comments column! 😄