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<p>XRP has seen lackluster price action lately, <a href="https://twitter.com/ToridoFinance/status/1711649431219757351?t=l7HnRtnaln6zzRrEaLHOQQ&amp;s=19" target="_blank" rel="nofollow">declining</a> over 8% in the last week. As investors try to determine where the embattled token goes next, experts seem to agree that further downside is ahead, with $0.45 emerging as a crucial support level to watch.</p> 
<h2 class="wp-block-heading" id="torido-sees-breakdown-ahead-for-xrp">Torido Sees Breakdown Ahead for XRP</h2> 
<p>According to analysis shared by crypto expert Torido Finance, XRP appears poised to plunge towards $0.45 after facing rejection near $0.55 resistance.</p> 
<p>“<em>XRP price started a fresh decline from the $0.550 resistance against the US Dollar. It could accelerate lower and revisit the $0.45 support</em>,” tweeted Torido.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="468" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-303-1024x468.png" alt="" class="wp-image-354471" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-303-1024x468.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-303-300x137.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-303-766x350.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-303-1536x701.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-303-2048x935.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-303-328x150.png 328w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-303-100x46.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-303-788x359.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-303.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p>Torido points to bearish technical factors like a major downtrend line and weak momentum indicating downside as the path of least resistance. A break and close below $0.45 would open the doors for a steeper selloff towards $0.42, per Torido’s analysis.</p> 
<h2 class="wp-block-heading" id="another-expert-flags-0-45-support-in-triangle-pattern">Another Expert Flags $0.45 Support in Triangle Pattern</h2> 
<p>Another expert also identifies $0.45 as the nearest support zone for <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a> in their analysis. They see XRP trading in an Ascending Triangle consolidation pattern on the daily chart, awaiting a breakout from the $0.45 to $0.55 range to signal the next major move.</p> 
<figure class="wp-block-image size-large">
 <img decoding="async" loading="lazy" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-302-1024x573.png" alt="" class="wp-image-354463" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-302-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-302-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-302-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-302-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-302-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-302-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-302-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-302-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-302-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-302.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em>Source: </em><strong><a class="thirstylink" rel="nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p> 
<p>With the medium and long term trends clearly in downtrends, plus momentum indicators like the MACD and RSI flashing weakness, the expert believes the breakout will happen to the downside.</p> 
<p>They note that as a continuation pattern, the Ascending Triangle typically resolves in the direction of the preceding trend. With XRP in established downtrends on higher timeframes, the expert suggests a bearish breakdown appears probable.</p> 
<h2 class="wp-block-heading" id="experts-align-on-likely-xrp-weakness-ahead">Experts Align on Likely XRP Weakness Ahead</h2> 
<p>This would put the critical support at $0.45 under threat. A failure to hold this level risks accelerating declines and exposes XRP to retesting lows around $0.42.</p> 
<p>With both analysts identifying warnings signs of more downside, investors should prepare for XRP weakness ahead. The area around $0.45 stands out as the key support level to monitor according to expert technical analysis. A breach below this zone could lead to significantly more losses for XRP.</p> 
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<p>The post <a rel="nofollow" href="https://captainaltcoin.com/crypto-experts-agree-on-ripples-xrp-further-price-decline-to-this-level/">Crypto Experts Agree on Ripple’s (XRP) Further Price Decline to This Level</a> appeared first on <a rel="nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Crypto Experts Agree on Ripple’s (XRP) Further Price Decline to This Level

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