Ripple's Price Declines, But Support Levels May Push It Higher

According to CryptoPotato, Ripple's price has failed to maintain its upward momentum and is currently on a decline. However, several support levels might push the price higher again. In the USDT paired chart, the price recently attempted to reach the $0.7 resistance level but was rejected decisively and is now testing the $0.6 support level. If this level fails to hold, the 200-day moving average located around the $0.57 mark will be the next critical support. As long as Ripple is trading above the 200-day MA, investors can remain optimistic that the market might rally higher. In the Bitcoin paired chart, the situation appears worse for XRP. The price has been dropping consistently over the last nine months and has yet to find a bottom. However, the 800 SAT support zone is currently preventing the cryptocurrency from declining further. The Relative Strength Index is still showing values below 50%, indicating that the momentum is still bearish. As a result, it is too soon to anticipate if the market will finally bottom out or not.