XRP faces difficulty surpassing $0.580, mirroring Bitcoin's struggle at $53,000.
Ripple (XRP) fell to $0.55 support as bulls couldn't propel the price upwards.
Long-wick rejection signals overhead supply and potential double-bottom pattern formation.
XRP price is trading below the 20-day, 50-day, 100-day, and 200-day moving averages on the daily chart.
Analysis of the daily chart shows XRP's rejection from the top boundary of a significant descending channel.
Yesterday's breach of the support trendline on the daily chart intensified selling pressure.
If XRP closes below $0.5350 levels, the next potential support could be around $0.50.
According to Coingabbar's analysis, XRP price prediction 2030 is around $3.00.
XRP Price Prediction 2050 predicts that it will reach at least 2000 XRP in INR.
KEY LEVELS :
RESISTANCE LEVEL : $0.5520-$0.5800
SUPPORT LEVEL : $0.5200-$0.5000
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