XRP/USDT Daily Chart:
Rejection from the $0.6 resistance region has caused XRP to fall back. The 50-day moving average, or $0.49, provides support for the price right now. The 200-day moving average, which is close to the $0.43 level, is the next support level to monitor if the price is going down further.
As a breach below them would have substantial negative ramifications, the price must maintain above these support levels. The cryptocurrency may fall much farther in such a situation.
XRP/BTC Daily Chart:
Below the 2200 SAT barrier level, XRP’s performance against Bitcoin has significantly reversed. Around the 1800 SAT level, there were breaks below the 200-day and 50-day moving averages that were associated with this fall.
The price looks to have a short-term retest of the 1500 SAT level as its next immediate objective.
The RSI indicator has been sharply decreasing and is getting close to the oversold region, pointing to the potential for consolidation or a potential break in the selling pressure in the days to come. On the BTC paired chart, the general prognosis for XRP remains negative, therefore it is crucial to attentively monitor market activity and future developments.
