Hey there, BTC enthusiasts! 🎉 Let's talk about Ripple (XRP) and its recent price movements. 📉

XRP has been consolidating against USDT but consistently dropping against BTC. 😕 Things might get worse in the short term if nothing changes from a technical analysis perspective. 📊

On the daily USDT paired chart, XRP's price has been testing the higher boundary of the large descending channel and the 200-day moving average around $0.55. However, the 200-day moving average has rejected the price to the downside, and the market is likely to pull back toward $0.50 in the short term. 😮 The RSI breaking below the 50% level is also another signal that such correction is probable. 📉

As for the BTC paired chart, things are looking much worse for Ripple. 😟 The price has been on a consistent downtrend since breaking below the 1300 SAT level. The RSI has also been showing values below 50% for a while now, indicating that the cryptocurrency is likely to drop even lower in the upcoming months. The 800 SAT support level can be a feasible target in this scenario before the market finds a bottom. 🎯

Stay tuned for more BTC-related updates! 🚀