After a period of consolidation, Ripple's price is indicating a significant shift towards a bearish trend. Trading against USDT, XRP has been stuck in a symmetrical triangle pattern for months, following a drop below the 200-day moving average. Despite a partial recovery from a recent market drop, the daily candle closed below the triangle pattern, signaling further downside potential. With the RSI dipping below 50%, momentum favors a bearish move, possibly towards the $0.4 support level if $0.5 is breached. The XRP/BTC pair paints a bleaker picture, with a continued downtrend since November. Failing to break above the 800 SAT resistance, a new bearish phase has begun, targeting the 600 SAT support. While the RSI is in oversold territory, hinting at a potential recovery, investors should remain cautious amidst the ongoing depreciation against BTC. Read more AI-generated news on: https://app.chaingpt.org/news
