XRP Plummets Below $0.5 but Bulls Looking Eager to Recover (Ripple Price Analysis)

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XRP Plummets Below $0.5 but Bulls Looking Eager to Recover (Ripple Price Analysis)
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Following weeks of consolidation, Ripple’s price is finally showing signs of beginning a significant move. However, this is not good news, as the anticipated move seems to be bearish.

On Friday, the market experienced a sudden drop. While the price has recovered more than half of its losses, the daily candle has closed below the triangle pattern. The 600 SAT support level seems like a probable target in the short term, as XRP continues to depreciate against BTC.

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