The XRP’s price has dropped to a significant support zone at the $0.4504 level. This is the fourth time the price has returned to this area.
Historically, the price has bounced off this zone. An increase in trading volume is also observed in this price area. This zone serves as an accumulation area.
In the future, a sharp price drop can be expected with the aim of gathering liquidity accumulated below this zone, followed by an upward price movement. The next resistance levels are at $0.6265 and $0.7493.