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The post <a href="https://coinpedia.org/price-analysis/xrp-price-within-triangle-tests-support-is-it-the-best-time-to-buy-ripple/">XRP Price Within Triangle Tests Support, Is It The Best Time To Buy Ripple?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the bullish side weakening over the market, the XRP price is approaching a critical crossroad to decide the upcoming trend in January. Crossing under the 200-week EMA, Ripple is ready for a bearish break and warns of a bearish week ahead.&nbsp; 
Furthermore, with the overall increase in selling pressure amidst the market slowdown, the altcoins are facing the threat of trend reversal. Nevertheless, with the high anticipations of an altcoin season in 2024, <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">Ripple price prediction</a> keeps an optimistic viewpoint. 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="483" src="https://image.coinpedia.org/wp-content/uploads/2024/01/22124553/image-120-1024x483.png" alt="" class="wp-image-263187" srcset="https://image.coinpedia.org/wp-content/uploads/2024/01/22124553/image-120-1024x483.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/01/22124553/image-120-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/01/22124553/image-120-768x362.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/01/22124553/image-120-1536x725.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/01/22124553/image-120-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/01/22124553/image-120.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source – <a href="https://www.tradingview.com/x/a1GxSIqa/">Tradingview</a> 
The XRP price trend in the weekly chart shows a strong bearish trend over the weeks leading to a drop under the 200-day EMA. Further, the downtrend accounts for an 18% drop in six weeks and warns of a trend continuation.&nbsp; 
Similar to the previous week, Ripple starts the week on a 1.19% drop and warns of a breakdown of the triangle pattern. Further, the increment in the trading volume supports the downfall. Currently, the XRP price trades at $0.5397 and struggles to halt the bearish fall of 5.26% last week.&nbsp;&nbsp;&nbsp; 
Technical Indicators: 
MACD indicator: The MACD and signal lines fail to a bearish crossover in the weekly chart as the XRP price tests the support trendline. Hence, the momentum indicator shows a potential breakdown.&nbsp; 
<h2 class="wp-block-heading" id="h-will-the-xrp-price-survive-this-crash">Will The XRP Price Survive This Crash?</h2> 
The recent price drop in XRP is testing the support trendline at $0.50. Hence, a break below $0.50 could signal a further decline. On the flip side, bulls will be looking to push XRP above $0.60 meanwhile, sellers looking to overcome $0.50 and keep XRP below it.&nbsp; 
If bulls can push XRP above $0.60, the cryptocurrency could see a strong rally. If bears can push XRP below $0.50, the cryptocurrency could see a further decline. A bearish trend continuing below the $0.50 mark can lead to a $0.42.&nbsp;

XRP Price Within Triangle Tests Support, Is It The Best Time To Buy Ripple?

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