Ripple (XRP) Price Analysis: How Likely Is It to Drop Below $0.50?
RSI Is Currently Neutral
XRP market shows signs of investor disinterest. Its 7-day Relative Strength Index (RSI) is at 49.5, portraying lukewarm sentiment without strong buying or selling momentum.
Daily Active Addresses are Dropping
XRP has exhibited a notable correlation between Daily Active Addresses and its price, with a 10% decline in the 7-day Moving Average of Daily Active Addresses indicating dwindling interest in Ripple.
XRP Price Prediction: A Death Cross Could Bring the Price to Less Than $0.50
The formation of a death cross on XRP's 4H price chart hints at a potential price downturn, with critical support levels at $0.54 and $0.53, and a more substantial support at $0.49 which could be tested if the bearish trend persists.
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