The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/price-analysis/xrp-price-analysis-the-crashing-xrp-price-under-0-50-can-reverse-from-this-level/">XRP Price Analysis: The Crashing XRP Price Under $0.50 Can Reverse From This Level!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a> 
Following the double-top reversal in the XRP price, the Ripple market value continues to crumble. With a 42% drop in the last 54 days, the Ripple price is back under the $0.50 mark.&nbsp; 
With the imminent death cross in the daily chart, the downtrend might fracture many upcoming support levels.&nbsp; 
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 <img decoding="async" width="1024" height="463" src="https://image.coinpedia.org/wp-content/uploads/2023/09/12131659/XRPUSD_2023-09-12_13-16-48-1024x463.png" alt="" class="wp-image-228886" srcset="https://image.coinpedia.org/wp-content/uploads/2023/09/12131659/XRPUSD_2023-09-12_13-16-48-1024x463.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/09/12131659/XRPUSD_2023-09-12_13-16-48-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/09/12131659/XRPUSD_2023-09-12_13-16-48-768x347.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/09/12131659/XRPUSD_2023-09-12_13-16-48-1536x694.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/09/12131659/XRPUSD_2023-09-12_13-16-48-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/09/12131659/XRPUSD_2023-09-12_13-16-48.png 1952w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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The XRP price is currently trading at $0.4723, slightly above $0.46, from where the partial victory rally initiated. This keeps the bullish reversal possibility on the cards. However, the recent consolidation range breakout in the 4-hour chart between $0.48 and $0.53 suggests otherwise.&nbsp; 
The sharp fall of 4.55% yesterday breaks under this consolidation range with a strong red candle. Moreover, the intraday candle displays higher price rejection and an intraday fall of 0.36%, which warns of a $0.46 breakout. 
With this higher price rejection, the XRP price retests the broken support level, teasing a potential post-retest continuation. Currently, the next support level for the XRP price is at $0.45 and $0.40. 
Coming to the technical indicators, the RSI line in the 4-hour chart drops into the oversold region. Meanwhile, the MACD indicator displays a prolonged downtrend.&nbsp; 
A similar condition is present in the daily chart, with the MACD indicator ready for a bearish crossover and the RSI line in the oversold region. This increases the possibility of a downtrend continuation.&nbsp; 
<h2 id="how-low-will-xrp-price-go" data-name="how-low-will-xrp-price-go" class="wp-block-heading">How Low Will XRP Price Go?</h2> 
The XRP price analysis is under extreme bearish pressure, and the breakdown of the $0.46 support level can lead to a downtrend continuation to the $0.45 mark. However, the bearish pressure might not be mitigated at $0.45, which can further continue the bearish rally. The XRP price may find support at $0.42 or $0.40 in such a case.&nbsp;&nbsp; 
At such discounted levels, the XRP price can reverse from support levels present below $0.45.&nbsp;

XRP Price Analysis: The Crashing XRP Price Under $0.50 Can Reverse From This Level!

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