Based on CoinGecko’s data, XRP’s price has experienced a decline after finding support at the $0.45 mark. It has now retested the lower trend line of the symmetrical triangle and moved further downwards. Additionally, the altcoin is currently trading below both the 50-day and 200-day simple moving averages (SMA) and is facing resistance at the $0.5 level. However, it is worth noting that the XRP price is currently at a critical juncture. While the chart suggests the formation of a double bottom structure, other market indicators indicate the possibility of further downside potential for the token. Stay updated with the latest technology news by visiting NEWSLINKER.
