If Ripple’s price falls below $0.50, losses could extend to $0.34
XRP remains confined to a range between $0.50 and $0.65, which is a relatively positive sign for Ripple bulls, especially since most other crypto assets experienced heavy selling in the past 24 hours.
Bitcoin (BTC) corrected by roughly 17%, slipping below $50,000 and finding a low near $47,000 yesterday. Ethereum also pulled back sharply to around $1,650, dampening bullish momentum after a break toward $2,036. Many altcoins suffered double-digit declines, including Binance Coin, Polkadot and Litecoin.
While the XRP/USD pair could still bounce from the $0.50 area, a lack of upward momentum early in the trading session is putting pressure on buyers. Below is the current technical picture for XRP/USD.
Daily Ripple price chart
After breaking above the $0.57 highs, XRP bulls failed to sustain control above $0.5250. That zone has proven difficult to hold, with sellers repeatedly driving prices back down to the $0.50 support several times this morning.
If fresh buying pressure pushes XRP past resistance at $0.57 and $0.65, the next target would be near $0.78.
As long as XRP/USD remains inside the $0.50–$0.65 range, bulls must keep the $0.50 support intact to avoid ceding control to sellers. If price breaks below $0.50, XRP could slide toward a low near $0.34.
That risk is heightened because the daily RSI is attempting to move below 50. Should bears gain control amid increased selling pressure, a deeper correction could force bulls to defend gains around the 100-SMA (approximately $0.4254) and the 50-SMA (around $0.3912).
4-hour Ripple chart
On the 4-hour chart, XRP price has dropped beneath the 50-SMA (around $0.5427) and the 100-SMA (approximately $0.5309). Bears are also attempting to extend losses below the support trendline of an older ascending triangle pattern.
If bulls regroup and push higher, a retest of the 50 and 100 simple moving averages as support could help lift price toward $0.60 and the triangle’s resistance near $0.65.
Conversely, if XRP/USD falls below $0.50, immediate losses could extend to the 200-SMA at about $0.4353 and potentially toward the monthly low near $0.34.
At the time of writing, bulls are working to hold sellers just above $0.50, which increases the risk of a downside break if support fails to hold.