Ripple’s price has been consolidating against USDT while consistently dropping lower against BTC. Things might get even worse in the short term if nothing changes from a technical analysis aspect. The 200-day moving average has rejected the price to the downside, and the market is likely to pull back toward the $0.50 level. The RSI breaking below the 50% level is also another signal that such correction is probable. The 800 SAT support level can be a feasible target in this scenario.
Source: CryptoVizArt, 2024-02-27; https://cryptopotato.com/ripple-seems-primed-for-a-drop-to-0-5-but-will-the-bulls-retaliate-xrp-price-analysis/