\nThe XRP price goes sideways following the sharp correction, will the bear crash prolong?\t\t\t\t<\/p>\n
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The XRP price<\/a> undergoes a consolidation range, as the bears challenge the solid psychological mark of $0.50. With momentum trapped within the Bollinger bands, the XRP price action teases a sharp breakout move shortly. Losing all the partial victory gains, the XRP price may soon crumble below $0.50. Should you consider buying the dip or wait for a reversal?\u00a0<\/span><\/p>\n <\/p>\n Also Read: XRP Price Prediction Begins Bullish Action, Path To $1 Clear?<\/a><\/p>\n In response to the crumbling market conditions, the XRP price has been breaking multiple support levels. Losing the entire 73% gains of the partial victory against the second, the XRP coin price bottoms out the downtrend slightly below the mark of $0.50.\u00a0<\/span><\/p>\n Transforming into a sideways trend, the XRP price action reflects a slight exhaustion in selling pressure over the weekend. Moreover, the XRP price action hints at a potential double-bottom reversal within the consolidation range.\u00a0\u00a0<\/span><\/p>\n<\/blockquote>\n With the Ripple labs taking a stronger stand against the SEC, in response to their appeal, the positive sentiments are to rise. Therefore, a recovery rally in XRP is possible if the crypto manages to break above the consolidation range.\u00a0<\/span><\/p>\n While the overall market sentiments are declining with the SEC delaying the Bitcoin ETF<\/a> approval, the altcoins may hit lower lows in the coming week. With the growing harsh conditions, the XRP coin price can breach the $0.48 demand belt to reach $0.42.\u00a0<\/span><\/p>\n <\/p>\n Optimistically, the reversal sprouting from the $0.42 mark can reach the $0.55 resistance top to complete the positive cycle in the range. This will increase the breakout chance which may propel XRP to $0.59.\u00a0<\/span><\/p>\n \n Share this article on:<\/p>\n –><\/p>\n Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading <\/p>\n<\/p><\/div>\n The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\nDouble Bottom Pattern Hints Pontential Upswing<\/b><\/h2>\n
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![\"TradingView](\"https:\/\/s3.tradingview.com\/snapshots\/u\/U2ITKo88.png\")
Source: <\/span>Tradingview<\/span><\/p>\n\n
Can XRP Buyer Make a Comeback?<\/b><\/h2>\n
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