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fxstreet.com experts said that the price of Ripple XRP could fall to $0.604.
fxstreet.com noted that the price of Ripple has been fluctuating in the daily demand zone, ranging from $0.693 to $0.753 since the December 4, 2021 crash. It can be assumed that this barrier is weakening. Due to the correlation with BTC, Ripple XRP has some chance of a 12% rally to retest the 50-day SMA at $0.844.
However, an area of weakened demand could face disruption due to short-term bearish momentum, so investors should exercise caution with the remittance token. There is a definite chance that Ripple XRP price will be able to overcome the immediate hurdle and break to the 200-day SMA at $0.954.
On the other hand, if Ripple XRP price closes the daily candle below $0.693, it will create a lower low, refuting the bullish thesis. This event could trigger a crash where the price of XRP could drop to the $0.604 support level.
It was previously known that the Binance exchange completed the integration of wXRP and opened deposits.
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