In order to see the channel of the downward trend of the XRPUSDT price globally, we invite you to take a look at this idea, because today the analysis will be on a shorter time frame.
The main achievement of XRP can be considered that the price did not renew the lows that were set in June 2022.
It’s hard to say, but XRP buyers showed more strength than Bitcoin buyers, which allowed the price to renew the 2022 lows.
So it’s time to realize the power of buyers. We see this in the form of future Ripple price growth along the following route:
Growth momentum – consolidation below $0.50 – growth momentum – breaking the trend line – reaching the local target of $0.60 – $0.65.