In the DeFi space, Ripple (XRP) is currently struggling to reclaim its position above the $0.5 mark. Since mid-April, the XRP/USDT pair has been oscillating between $0.5 and $0.55. Despite a recent drop below $0.5, the market is attempting to regain this level. If successful, a rally towards the 200-day moving average around $0.55 is anticipated.

However, if the price is rejected, a decline to $0.4 could be imminent. A break below this level could potentially trigger a significant crash for XRP. Meanwhile, the XRP/BTC pair is also consolidating between the 600 SAT and 800 SAT levels.

The Relative Strength Index (RSI) has broken above 50%, suggesting a return of bullish momentum. If the price can surpass the 800 SAT resistance level, a further rise towards the 200-day moving average around the 1000 SAT mark is expected in the short term. Conversely, a drop below the 600 SAT could lead to severe consequences. Despite the uncertainties, the market outlook remains optimistic.