Ripple stuck between 200 SMA support and 50 SMA resistance on the 4-hour chart. A slump in daily active addresses reveals low network activity, which is a bearish signal. A real break above $0.5 and the 50 SMA could trigger buy orders for gains beyond $0.6. Ripple is attempting another recovery in the wake of the freefall to $0.45. The massive losses incurred since Wednesday have not been unique to the cross-border token. Bitcoin tumbled toward $50,000, while Ethereum tested the support at $1,500. At the time of writing, XRP is teetering at $0.49, while bulls battle for gains past $0.5. Ripple pivotal between critical resistance and support The international remittance token movement is limited between the 50 Simple Moving Average (SMA) resistance and the 200 SMA support on the 4-hour chart. Price action under the 200 SMA could lead to losses eyeing lower levels as far as $0.4 and $0.35, respectively. Ripple’s gravitational pull has been emphasized by the Moving Average Convergence Divergence (MACD) indicator on the 4-hour chart at the time of writing. If the indicator progresses into the negative region, we are bound to see XRP drop further. XRP/USD 4-hour chart Consequently, Santiment, a leading behavioral analytics platform, highlights a significant slump in the number of daily unique addresses in XRP transactions. In other words, the metric measures the level of interaction or speculation in the community. The number of daily active addresses topped out at 17,400 on March 22 but dropped to roughly 14,500 at the time of writing, representing a 16.6% decline in less than three days. If the addresses fail to recover, Ripple may continue to deal with rising overhead pressure. Ripple daily active addresses Looking at the other side of the fence Ripple could soon resume the uptrend if the price cracks the resistance at $0.5 and the 50 SMA on the 4-hour chart. A move such as this would call out to buyers to join the market as speculation mounts for gains eyeing $0.6. It is also essential that the 200 SMA support holds to ensure market stability and allow bulls to focus on higher price levels. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next NZD/USD set for a consolidation phase in the high 0.69s – ANZ FX Street 1 year Ripple stuck between 200 SMA support and 50 SMA resistance on the 4-hour chart. A slump in daily active addresses reveals low network activity, which is a bearish signal. A real break above $0.5 and the 50 SMA could trigger buy orders for gains beyond $0.6. Ripple is attempting another recovery in the wake of the freefall to $0.45. The massive losses incurred since Wednesday have not been unique to the cross-border token. Bitcoin tumbled toward $50,000, while Ethereum tested the support at $1,500. At the time of writing, XRP is teetering at $0.49, while bulls battle for gains past… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.