What's next for XRP as the altcoin continues to spiral further downwards? AMBCrypto takes a look at what bulls are up to currently.
The cryptocurrency, which is the only one with any kind of regulatory clearance in the United States, has been steady with its terrible performance.The price of XRP recently dipped to a low of $0.49, only to make a modest recovery to $0.50.
The currency’s market position is slipping, showing no signs of stopping this downward spiral. If things keep going this way, XRP could hit the $0.45 mark soon.On the flip side, if XRP can keep above the $0.50 line, there might be a chance for some bullish action pushing it over the $0.60 mark. XRP started at $0.44, but after the initial recovery, the price oscillated, forming a series of higher lows and higher highs, which is indicative of a potential uptrend.The $0.50 appears to act as a psychological support level. Each time the price approaches this level, it briefly stabilizes or rebounds, suggesting that investors consider it a value-buying point.
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