Daily

<p>Ripple&#8217;s price action has been relatively bearish recently, following a rejection from a significant resistance level. Currently, XRP is trading near a key support level, and its reaction would determine the short-term market trend.</p>
<h2 id="technical-analysis">Technical Analysis</h2>
<p>By: <a href="https://twitter.com/TradingRage" data-wpel-link="external" target="_blank">Edris</a></p>
<h3 id="xrp-usdt-daily-chart">XRP/USDT Daily Chart</h3>
<p>The price is ranging around the 50-day moving average, located near the $0.46 level. A breakdown of this moving average would lead make the market retreat further towards the $0.4 support level and the 200-day moving average.</p>
<p>Conversely, a rebound from either of these support levels would result in another rally and potential breakout above the significant $0.6 resistance area. The RSI has also shown values below 50%, pointing to the bearish momentum in this timeframe, as well as boosting the probability of a deeper decline.</p>
<figure id="attachment_249460" aria-describedby="caption-attachment-249460" style="width: 2560px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/05/XRPUSDT-Daily-May-4-2023-1-scaled.jpg" data-wpel-link="internal"><img class="size-full wp-image-249460" src="https://cryptopotato.com/wp-content/uploads/2023/05/XRPUSDT-Daily-May-4-2023-1-scaled.jpg" alt="XRPUSDT Daily - May 4 2023" width="2560" height="1441" srcset="https://cryptopotato.com/wp-content/uploads/2023/05/XRPUSDT-Daily-May-4-2023-1-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPUSDT-Daily-May-4-2023-1-300x169.jpg 300w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPUSDT-Daily-May-4-2023-1-1024x576.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPUSDT-Daily-May-4-2023-1-768x432.jpg 768w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPUSDT-Daily-May-4-2023-1-1536x864.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPUSDT-Daily-May-4-2023-1-2048x1153.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPUSDT-Daily-May-4-2023-1-50x28.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px" /></a><figcaption id="caption-attachment-249460" class="wp-caption-text">Source: TradingView</figcaption></figure>
<h3 id="xrp-btc-daily-chart">XRP/BTC Daily Chart</h3>
<p>Looking at the BTC paired chart, XRP has failed to break out from the sizeable descending channel once more and is creating lower highs and lows. The 50-day moving average has been broken to the downside, and the price is currently testing the 0.000015 support level.</p>
<p>In case this level is broken through, a plunge toward the 0.000012 level would be probable. The RSI is also trending below 50%, as the momentum is clearly bearish on this chart.</p>
<figure id="attachment_249461" aria-describedby="caption-attachment-249461" style="width: 2560px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/05/XRPBTC-Daily-May-4-2023-1-scaled.jpg" data-wpel-link="internal"><img class="size-full wp-image-249461" src="https://cryptopotato.com/wp-content/uploads/2023/05/XRPBTC-Daily-May-4-2023-1-scaled.jpg" alt="XRPBTC Daily - May 4 2023" width="2560" height="1441" srcset="https://cryptopotato.com/wp-content/uploads/2023/05/XRPBTC-Daily-May-4-2023-1-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPBTC-Daily-May-4-2023-1-300x169.jpg 300w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPBTC-Daily-May-4-2023-1-1024x576.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPBTC-Daily-May-4-2023-1-768x432.jpg 768w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPBTC-Daily-May-4-2023-1-1536x864.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPBTC-Daily-May-4-2023-1-2048x1153.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2023/05/XRPBTC-Daily-May-4-2023-1-50x28.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px" /></a><figcaption id="caption-attachment-249461" class="wp-caption-text">Source: TradingView</figcaption></figure>
<p>The post <a href="https://cryptopotato.com/xrp-fails-to-keep-up-is-a-crash-below-0-45-coming-ripple-price-analysis/" rel="nofollow">XRP Fails to Keep Up, Is a Crash Below $0.45 Coming? (Ripple Price Analysis)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.</p>

XRP Fails to Keep Up, Is a Crash Below $0.45 Coming? (Ripple Price Analysis)

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