Ripple Price Analysis: Calm Before the Storm for XRP After 6.5% Weekly Decline?

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Ripple has encountered intense selling pressure near the key resistance zone, defined by the 100 and 200-day moving averages around the $0.55 mark.

On the daily chart, XRP saw a spike in selling activity as it approached the $0.55 resistance level, where the 100-day and 200-day moving averages intersect. This zone represents a significant supply area, and the rejection from this level caused a 14% price drop.

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