XRP/USDT Price Ready for a 30% Dip in the next 30 days

After the gigantic fall in during the H1 2022, the XRP price has maintained a consolidated trend but failing constantly to reach above $0.5 and hence dropped heavily. The price is believed to continue testing the lower support levels and may also slid below $0.25 or even $0.2 in an extended bearish trend during the first few weeks in 2024 to mark the bottoms of the current bear cycle.

With a rebound the price may ignite a notable upswing and rise high to regain the levels beyond $0.4 initially and later try to reach beyond $0.5 levels by the end of H1 2023. However, after sustaining above these levels, the XRP price may maintain a strong bullish momentum to reach the target for 2023 that lies around $1.
Chart PatternsTechnical IndicatorsripplerippleusdtTrend AnalysisxrpXRPUSDT

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