The price of Ripple (XRP) will continue to fall for the time being, experts warn

Ripple (XRP), known for its cross-border payment network, is the focus of our analysis today. We take a closer look at the XRP price prediction for the near future. In this article you will find a technical analysis from our premium environment.

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Technical Analysis-Ripple (XRP)

According to analysts at Crypto Insiders, XRP is not showing a positive picture. They recently shared the following in the Premium environment:

“We have analyzed XRP’s recent developments and it appears that we have a sustained downtrend. Since the August 2023 plunge, we have seen a three-wave increase, but this appears to be only a temporary correction.

At the beginning of this year, we were hoping that the price would break the golden pocket between $0.58 and $0.61 and continue its upward trend. However, this change did not materialize.

We are therefore watching the level around $0.46 closely to see if the price can find support again at the previous low. As always, we will continue to monitor the situation and release new updates in the Premium environment first.”

Date of analysis: January 28th. Link to trading view:

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