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Ripple’s price has been consolidating for the past few months and is yet to show any willingness to either drop or rally.
On the USDT pair, Ripple has been range-bound since dropping below the 200-day moving average, which is currently located around the $0.55 mark. The price has recently broken the $0.5 support level to the downside, and if it is unable to reclaim this level in the coming days, a drop toward the $0.4 support zone would be inevitable.The price has failed to rise back above the 800 SAT resistance zone since May and might be bound to test the 600 SAT support level once more in the short term.
Either way, as long as the cryptocurrency remains below the 200-day moving average, which is currently trending around the 1000 SAT mark, a rally against BTC cannot be expected.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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