Ripple price has been stable over the past few months and has yet to show any willingness to fall or rise.
Ripple Price Analysis
USDT pair chart
For the USDT pair, Ripple has been range bound since it dropped below the 200-day moving average, which is currently around the $0.55 mark.
The price has recently broken the $0.5 support level to the downside, and if it fails to reclaim this level in the coming days, a decline towards the $0.4 support area will be inevitable.
With the RSI also showing values below 50%, the momentum is in favor of a downward move.
BTC pair chart
The XRP/BTC chart has also shown a frustrating period of consolidation over the recent months.
The price has failed to rise again above the 800 SAT resistance area since May and it may be necessary to test the 600 SAT support level again in the short term.
However, 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.
The post Ripple Price Analysis: XRP Could Be in Danger of Crashing to $0.4 was first published on CryptoPotato.
