Ripple price has been displaying a frustrating consolidation behavior for the last 8 months. However, the situation may change soon, but it does not necessarily mean it will get better. 📉

On the XRP/USDT chart, the price declined slowly recently, trading below the $0.5 level and reaching a low of $0.37. However, the $0.4 support zone prevented a daily candle close below this area and is currently holding the market. In this case, a recovery towards $0.5 is expected in the short term. However, if the level drops, the price will likely drop further. 😬

The situation is slightly better on the XRP/BTC pair chart. Ripple has shown more resilience compared to Bitcoin during the recent crypto decline. The price recovered from the 700 SAT support level and is currently moving towards the 900 SAT resistance zone.

If the market can break both the 900 SAT level and the 200-day moving average, Ripple could finally start a new uptrend in the BTC pair and potentially the USDT pair. 🚀

What do you think the Ripple price will be? We are waiting your comments! 👇