According to CryptoPotato, Ripple's price has been in a consolidation phase for several months, unlike Bitcoin, which has reached its all-time high. The situation could worsen if Ripple loses its next critical level. The XRP/USDT pair has been fluctuating between the $0.5 and $0.55 mark since mid-April. Recently, the market fell below $0.5, but it is currently attempting to regain this level. If successful, a rally towards the 200-day moving average around the $0.55 mark is anticipated. However, if the price is rejected, a drop to $0.4 is likely. If the $0.4 level is breached, a significant crash for XRP could be on the horizon.
The XRP/BTC pair is also in a consolidation phase, fluctuating between the 600 SAT and 800 SAT levels. The RSI has broken above 50%, suggesting a return to bullish momentum. If the price can surpass the 800 SAT resistance level, a further increase towards the 200-day moving average around the 1000 SAT mark is expected in the short term. Conversely, a fall below the 600 SAT could have disastrous consequences. It is important to note that these are the observations of the quoted writers and do not represent investment advice. Investors are advised to conduct their own research before making any investment decisions.
