Experts predict that the price of XRP might break through $0.50 as support.The price of XRP fell to $0.53, drawing near the psychologically significant support level of $0.50. Since Kraken is relying on Judge Torres' decision in its request, a legal expert claims that the SEC is not likely to settle its case against Ripple. The SEC will most certainly have good reason to challenge Judge Torres' decision on XRP secondary sales, according to attorney Bill Morgan. The price of XRP is falling right now, but the cryptocurrency may find support near $0.50 and then start to rise again. You may buy XRP for $0.53 at the open on Monday. As can be seen in the price chart below, the cryptocurrency is expected to precipitously decline towards support.There has been a psychologically significant level of $0.50 for a number of months. A drop in XRP price is probably imminent as the Awesome Oscillator (AO) shows red bars. The declining tendency has probably taken root. Moving Average Convergence/Divergence (MACD) shows good momentum and a possible XRP price rebound shortly with green bars. The negative thesis might be disproven and the cryptocurrency could surge towards the 78.6% Fibonacci retracement at $0.6073 if the price of XRP reaches $0.5446 and a daily candlestick closes above the 38.2% Fibonacci retracement level of its slide from the 1924 high.
