Will XRP Price Lose $0.6 Support Amid Market Correction?

Amid the recent correction trend in the crypto market, the XRP price rally witnessed an immediate reversal from the $0.745 mark. Within 5 days, the Altcoin values tumbled 16.5% to reach the current trading price of $0.62. Will the demand pressure at a 50% retracement level, offer buyers an opportunity to counter-attack or further correction is underway?

Also Read: Ripple Role Questioned as USDC XRP Ledger (XRPL) Integration Lags

XRP Price Facing the Fallout Below the 50% Retracement Level

XRP, the digital currency of the Ripple network, is riding a short-term rally under the influence of an ascending support trendline. This dynamic support has uplifted the altcoin value from a February low of $0.49 to a recent high of $0.74, registering a 51.8% growth.

The chart projecting several reversals from this support indicates the buyers continue to accumulate this asset in market dips. As of now, the crypto market is experiencing a similar situation with the Bitcoin price correction below the $70000 mark.

Thus, the XRP price of $0.612 showcased an intraday loss of 3.44%. This downtick teases a bearish breakdown from the 50% retracement level which wavers around $0.615. 

A potential breakdown below this support may hint at the weakening of this bullish momentum, while a break below the support trendline will accelerate the selling pressure on this asset.

Should this happen, the XRP price may plunge another 10% to test support region near $0.52.

Also Read: XRP Whales Move 67 Mln Coins Amid SEC vs Ripple Lawsuit Relief

Key Support Levels to Watch

An analysis of the daily chart shows the XRP price has respected two key support trendlines, a steady one marked in blue and the less inclined black. The price sustainability above the former would indicate the near trend is aggressively bullish. On the other hand, the lower one is active for over 400 days projecting the long-term rally in this asset.

• BB Indicator Band: The price below the midline of the Bollinger Band indicator reflects the sellers are strengthening their grip over this altcoin.
• Moving Average Convergence Divergence: A bearish crossover between the MACD(blue) and signal(orange) signals an active correction phase.

✓ Share:

• Trending
• Price Analysis

• SOL Strategies Begins Trading on Nasdaq With $94M in Solana Holdings
• Bitcoin, Crypto Market Rise as Court Halts Trump’s Bid to Oust Fed Gov Lisa Cook
• Grayscale Files Registration Statements for Litecoin, Hedera, and Bitcoin Cash ETFs
• SEC Delays Decision on Bitwise Dogecoin ETF Ahead First DOGE ETF Launch
• Metaplanet Upsizes Capital Raise To $1.4 Billion To Buy More Bitcoin

• Meme Coin Price Prediction: Shiba Inu, Pepe Coin, Dogecoin, TRUMP
• HYPE Price Eye $88 the Next as Lion Group’s Treasury Shifts to Hyperliquid
• Ripple Ecosystem Growth Meets Technical Strength—Is XRP Price on the Verge of $10?
• Cardano Price Prediction as Sept Fed 50bps Cut Odds Surge – Is $1.65 Next?
• Chainlink Price Prediction: Analyst Sees 48% Rally as Grayscale ETF Filing Ignites Hype

Best Crypto Presales To Invest In September 2025 – Top Upcoming Presale Tokens

Best Crypto AI Trading Bots In 2025

Top Meme Coins To Buy In September 2025

Sahil Mahadik

Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading

Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.

Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.