Ripple may continue to fall in the short term

Ripple's price action in recent months has been bearish on both USDT and BTC pairs, and technical analysis from TradingRage shows that Ripple has been declining on USDT since its resistance level of $0.7 was rejected, and that the price has been trapped in a downtrend channel, with several unsuccessful attempts to break out to the upside. 200-day SMA is near $0.6, and it is more likely that the market will fall to the lower boundary of the channel, or even to the $0.43 support area, in the coming weeks. The 200-day SMA lies near $0.6, and the market is more likely to fall to the lower boundary of the channel, or even the $0.43 support area, in the coming weeks. On the BTC pair, Ripple is in a similar situation, with prices falling within a large falling wedge. However, the price recently bounced off the lower boundary of the wedge and the 1300 SAT support. While this is a positive sign, it is impossible to accurately predict a bull market until the wedge breaks out to the upside.The 200-day SMA is also a key indicator, and as long as Ripple is trading below it, the market trend is considered bearish.