Ripple Prices Continue to Fall in USDT and BTC Pairs

Ripple prices continue to fall in USDT and BTC pairs. According to TradingRage's technical analysis, the price has not yet reached a potential turning point on any chart. Over the past few months, the price has been trapped in a downward channel compared to USDT. Since the fall of the 200-day moving average, which currently sits near $0.60, the market has been on a steady decline. However, XRP has yet to reach significant support. Despite the Relative Strength Index entering oversold territory, the market is unlikely to rally until it retests the lower boundary of the channel. The situation is very similar when compared to BTC. Since peaking in July, prices have been gradually declining in a large falling wedge pattern. The market is currently retesting the 1300 SAT support level, but has not yet shown any willingness to rally. In a falling scenario, the lower boundary of the falling wedge pattern would be the next target in the short term. A bearish continuation scenario seems likely, with the Relative Strength Index showing a value below 50 per cent.