XRP Price Prediction: Ripple Plunges to $0.42: Can Bulls Save the Day?

May 9, 2023 04:00 am Cryptocurrency 93
XRP Price Prediction: Ripple Plunges to $0.42: Can Bulls Save the Day?

Ripple is gaining bearish momentum below $0.45 against the US Dollar. XRP price is at risk of more losses if it breaks the $0.40 support.


  • Ripple started a fresh decline from the $0.470 zone against the US dollar.

  • The price is now trading below $0.450 and the 100 simple moving average (4 hours).

  • There is a connecting bearish trend line forming with resistance near $0.450 on the 4-hour chart of the XRP/USD pair (data source from Kraken).

  • The pair might decline further if it stays below the $0.445 and $0.450 resistance levels.

    • Ripple Price Breaks Support


    This past week, Ripple’s XRP attempted a fresh increase above the $0.465 level against the US Dollar. However, the bears remained active near the $0.47 level. A high was formed near $0.4704 and the price declined, similar to Bitcoin and Ethereum.


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