Ripple price has recently experienced a sharp decline, just when the market started to be optimistic about a new bull run.

- On the USDT chart, XRP price broke above the $0.6 resistance level last week. However, it failed to hold and quickly fell below this level and the 200-day moving average, around $0.55.

- The RSI below 50% indicates bearish momentum, predicting a drop to $0.5 in the short term.

- On the BTC chart, XRP/BTC is also declining below the 200-day moving average, around 850 SAT.

- If the 800 SAT level is broken, the downtrend could continue towards the 600 SAT support zone in the coming weeks.

📉 The market is showing signs of a bear market, but things could change if the 800 SAT level holds.