According to CryptoPotato, Ripple's price has been trending lower against BTC and consolidating against USDT. Despite underperforming in recent months, investors can remain optimistic due to significant support levels. Technical analysis by TradingRage shows that against USDT, the XRP price has been steadily declining since failing to break through the $0.7 resistance level. However, support has been found around $0.6, preventing further drops. If this mark fails, there's potential for a turnaround near the 200-day moving average, situated around $0.57, offering another possible support level for XRP. A rebound from this level could lead to a potential rise toward $0.7.
Examining the Bitcoin pair, there's been a prolonged downward trend in the market. Currently, the XRP price is revisiting the 900 SAT support area. A successful bounce from this level could prompt an attempt to breach the long-standing bearish trendline. If this occurs, the next objective would likely be the 1200 SAT resistance level. Conversely, a failure to hold above the 900 SAT support zone could have dire consequences, potentially triggering a substantial downturn in the market.
