🚨🚨 ALERT 🚨🚨
XRP/USDT is trading at $0.5271, down 3.67% on the week. The price remains below critical resistance at $0.55, with the 7-week SMA at $0.5592 and the 25-week SMA at $0.5348 indicating a downward bias. Support is seen at $0.51, but a failure to hold could lead to further downside. The RSI is currently at 48.31, showing neutral market sentiment with no clear direction in the near term.
Conclusion: XRP needs a break above $0.55 to spark any significant bullish momentum, while a close below $0.51 could lead to additional declines.
I would advise a cautious approach when investing in XRP/USDT. Always do your own research and consider the risks involved before making any investment decisions.
