Ripple (XRP) Faces Price Correction Threat

　　This shows that the payment processor token is losing the support it once had among institutional investors.

　　In addition to this, retail investors seem to be pulling away from the digital asset at the moment. This is visible in the downtick observed in the network growth.

　　This metric estimates whether the project is losing or gaining traction in the market. This is done by measuring the rate at which new addresses form on the network.

　　At the moment, Ripples network growth is at a multi-month low, flashing a bearish signal for the price action.

　　XRP Price Prediction: A Crucial Level to Hold

　　XRP price, at the time of writing, is trading above the 38.2% Fibonacci Retracement of $0.81 to $0.47. Marked at $0.60, this Fib level is crucial as losing it would result in a drawdown to the 23.6% Fibonacci level at $0.55.

　　This is the likely outcome for the Ripple native token as not only the aforementioned conditions, but also the Ichimoku Cloud is exhibiting bearish signals. The Ichimoku Cloud is a technical analysis tool that displays support/resistance levels, trend direction, and momentum.

　　XRP/USDT 1-araw na chart. Pinagmulan: TradingView

　　Candlesticks below the cloud are a clear, bearish indication for XRP.

　　Magbasa Pa: Lahat ng Kailangan Mong Malaman Tungkol sa Ripple vs SEC

　　However, if the 38.2% Fib level is flipped into support, the XRP price would have a shot at breaching the 50% Fibonacci Retracement at $0.64. Flipping it into support would invalidate the bearish thesis, sending the altcoin beyond $0.65.