Posted 10/13/2023, 1:00:00 PM
Ripple's XRP Price Struggles to Recover After Sliding Below $0.53 Support
- Ripple XRP price fell below critical $0.53 support level recently after hitting 2022 high of $0.94 in July
- Price unable to reclaim $0.53 level despite bounces, resumed downward move this week
- Negative news like Binance delisting XRP/BUSD pair and Ripple CFO departure added pressure
- RSI indicator and breakdown of ascending support line signal ongoing bearish momentum
- Failure to close above $0.53 means downtrend intact, but weekly close above could trigger 55% bounce to $0.75 resistance
