📉 Ripple price has been in a downward trend lately. The market is targeting key support levels against both USDT and BTC.

Technical analysis:

USDT Paired Chart

Against USDT, the price has been declining since the rejection from the $0.55 resistance zone. It also fell below the 50-day and 200-day moving averages at $0.5 and $0.54, respectively.

The RSI indicator shows values ​​below 50%, indicating a bearish trend. Therefore, a decline towards the $0.43 support level seems likely in the short term.

BTC Paired Chart

The situation looks worse against BTC. The 50-day and 200-day moving averages are converging around the 1900 SAT level, and the 50-day could fall below the 200-day, leading to a bearish crossover. Additionally, the 1800 SAT support level seems to have broken down, which could lead to a rapid decline towards the 1600 SAT area.

As with the USDT paired chart, the RSI is again showing momentum in favor of the sellers, increasing the likelihood of a bearish continuation rather than a reversal. 🐻

Source: CryptoPotato