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IamZayn53
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$REZ
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#HIGH/USDT #LONG • Leverage: Cross 20x Entry Target: 4.4250 Take profit Targets 4.4550 4.5000 4.5500 4.6500 Stop Target : 4.07
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Will XRP's Price Drop Below $0.50?: Technical Analysis • XRP risked dropping below the $0.50 support as sellers' dominance increased. • The AO was negative, indicating increasing downward momentum for the token. • XRP formed an H&S pattern on the daily chart and could drop by another 15%. A comprehensive analysis of Ripple's (XRP) price action showed that the token had been confined between $0.49 and $0.53 since January 24. Despite some sideways movement, XRP has flashed a bearish sign indicating that the token could continue to slip. Altcoin Daily, a crypto analysis team, also shared a similar sentiment. According to the handle, XRP has lost its support, and a move below $0.50 could be possible in the short term. XRP just lost support. Every major moving average has flipped.$XRP now hovering just over 50¢ Atter examining the 4-hour chart, XRP's bullish prospects were almost non-existent. This is because of the dominance of sellers in the market and the lack of demand. The Relative Strength Index (RSI) showed that XRP had weakened. At 32.58, the RS1 reading confirmed the intense selling pressure going on with the token. With the price falling below the descending channel, XRP could lose critical support at $0.50. Should this be the case, the price might drop to $0.48. Furthermore, indications from the Awesome Oscillator (AO) showed that XRP was experiencing increasing downward momentum. With the positions of these indicators, bulls might not have the power to resist the decline from $0.50. $XRP #Write2Earn #xrp
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