Ripple's price has seen a strong uptrend after finding support at the 200-day moving average of $0.41. The recent rejection phase can be seen as a mid-term consolidation correction stage, which is important for a healthy bullish rally. If the price manages to surpass the significant resistance region at $0.4675, its next target will be the channel's upper boundary at approximately $0.6. However, if the bears take control, the price may face a downward trend.
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Ripple's Price Finds Support at 200-Day Moving Average, Eyes Resistance at $0.56
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