Ripple's (XRP) price is showing signs of recovery, trading at $0.51 after institutional investors poured over $1.1 million into the asset. Despite a bearish macro environment, the Relative Strength Index (RSI) is in the bullish zone, indicating strong buying pressure. XRP aims to flip $0.50 into support, with targets set at $0.54. However, failure to maintain this level could see the price test support at $0.47.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.