According to CryptoPotato, XRP has been unsuccessful in breaking a key resistance and is currently in a downtrend. The key support levels are at $0.48 and $0.43, while the key resistance level is at $0.54. Despite several attempts by buyers to break the key resistance at $0.54, they were consistently thwarted by sellers. This has resulted in a bearish price action over the past week. If the situation remains unchanged, the support at $0.48 is likely to face pressure in the upcoming days.
Since last week, the bears have been dominating the price action and volume. The buyers have been unable to halt the downtrend, and even when the buy volume increased, it was not enough to stop the sellers. This could potentially lead to the 48 cents support level being challenged soon.
The 3-day Moving Average Convergence Divergence (MACD) has made a bearish cross, encouraging sellers to continue their assault. If XRP continues on this downtrend, the next key level of support after $0.48 is at $0.43. Buyers may also retreat to this level before attempting to reverse the price action.
