Cryptocurrency

Verge

<ul>
 <li>Significant bearish pressure observed on <a href="https://www.coingabbar.com/en/crypto-currency/ripple-xrp-prices-usd" title="XRP's price" class="f-link" rel="noopener noreferrer nofollow">XRP's price</a> in recent months.</li>
 <li>#XRP struggles to surpass $0.580, akin to Bitcoin's challenge at $53,000.</li>
 <li>The $XRP coin unsuccessfully breaks through the descending channel pattern and retreats.</li>
 <li>Rejected at $0.580, #XRP trends bearishly, erasing previous gains.</li>
 <li>Despite a bullish start, $XRP fails to breach 0.382 Fibonacci resistance, facing hurdles around $0.578.</li>
 <li>Long-wick rejection indicates overhead supply and potential double-bottom pattern formation.</li>
 <li>On the daily chart, XRP forms a Black Marubozu candlestick, breaching the 50-Day EMA.</li>
 <li>Support trendline on the daily chart monitors XRP's movement, potential bearish breakdown increases selling pressure.</li>
 <li>Post-breakdown decline may lead XRP's price to drop by 12% to $0.48.</li>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar's analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar's analysis</a>, XRP Price Prediction 2030 will be approx $3.00.</li>
 <li>XRP Price Prediction 2050 prediction that it may reach a minimum of 2000 XRP in INR.</li>
</ul>
KEY LEVELS :
RESISTANCE LEVEL : $0.5650-$0.5800
SUPPORT LEVEL : $0.5220-$0.5000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

XRP Price Prediction: XRP Price on Verge of Major Breakdown

Coingabbar

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