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<p>The post <a href="https://coinpedia.org/price-analysis/ripple-price-drops-as-bearish-clouds-gather-xrp-to-test-0-48-soon/" rel="noopener noreferrer nofollow">Ripple Price Drops As Bearish Clouds Gather! XRP To Test $0.48 Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto market displays significant price volatility as top tokens record increased price action post-Bitcoin Halving. Top altcoins witness a pullback toward their support levels, indicating a mixed sentiment in the crypto space.</p>
<p>However, the XRP price continues to experience a bearish price action, indicating a rise in the investor’s disinterest. Despite the altcoin recording a jump of over 6% past week, it has experienced a strong bearish price movement this week.</p>
<h2 class="wp-block-heading" id="h-ripple-token-records-a-strong-bearish-trend">Ripple Token Records A Strong Bearish Trend:</h2>
<p>The <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" rel="noopener noreferrer nofollow">XRP price</a> has displayed a volatile price movement since the year started, indicating an increase in the price action for this altcoin. Despite a bullish start to the year, Ripple’s price has a YTD of -14% in valuation, highlighting a bearish outlook for the altcoin in the long-term perspective.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/d4V8D_7dFzNsvb-0ZVVxvBRa-ysU6YGKcmP4XS4Jh4fhU3UcIL9m-3jWBsaPXe9jsGoYb1SJXLVcslmkzwKeLy1mQc2ydHCkNSVLOQkCLpLxt_2VA8S_UC0x2-WZHnFatmyECFkImvtHENsAEPNy4l8" alt="XRP Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: XRP/USDT
 </figcaption>
</figure>
<p>The <a href="https://markets.coinpedia.org/xrp/" rel="noopener noreferrer nofollow">XRP token</a> has corrected roughly 2% within the past 24 hours. Moreover, the Cross EMA 50/200-day has displayed a Death Cross in the 1D time frame, suggesting the price will continue losing value this week.</p>
<p>The Relative Strength Index (RSI) shows a bearish price action in the chart, highlighting increased selling-over-buying pressure in the cryptocurrency industry. Moreover, the averages display a constant downtrend, indicating a weak price action for the altcoin in the coming time.</p>
<h2 class="wp-block-heading" id="h-will-xrp-price-ever-go-up">Will XRP Price Ever Go Up?</h2>
<p>If the market displays a bullish reversal, the XRP price will test its resistance level of $0.56 by the coming weekend. Maintaining the price at that level will set the stage for the Ripple token to attempt to test its upper resistance level of $0.64 during the coming month.</p>
<p>Negatively, bearish price action could result in Ripple’s XRP token testing its support level of $0.4790. Moreover, if the bulls fail to regain momentum at that point, the XRP token could further fall and test its new lows this year.</p>

Ripple Price Drops As Bearish Clouds Gather! XRP To Test $0.48 Soon?

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