Ripple Price Analysis: XRP Needs to Stay Above This Key Level to Avoid Further Declines

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Ripple has undergone another sharp drop, breaking below the critical 100-day moving average of $0.53.

A closer look at the daily chart shows that Ripple faced significant selling pressure, leading to a break below the crucial 100-day moving average at $0.53. The breach of the 100- and 200-day moving averages indicates a strong bearish signal, affirming the dominance of sellers in the market. Ripple is retracing toward the broken MA, attempting to complete a pullback.

Simultaneously, XRP has reached a critical support zone defined by the 0.5 to 0.618 Fibonacci retracement levels, where demand may emerge and temporarily halt the decline.

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