Price is getting closer to a major support zone (0.49-0.55$). This is a KEY level for Ripple. There are two options price can move here forwards. First option is we see a consolidation at this level until June and the a bounce with the rest of the crypto market. XRP should then move from 0.49-0.55 to about 0.70-80$, giving a 50% return in 1-2 months.
Second option is that it will break down below it and simply continue to drop until it find a level where demand returns. I think this is less likely to happen because if BTC moves up it should lift the rest of the alts with it, so XRP will not be left behind.
Second option is that it will break down below it and simply continue to drop until it find a level where demand returns. I think this is less likely to happen because if BTC moves up it should lift the rest of the alts with it, so XRP will not be left behind.
King