With the withdrawal of Bitcoin (BTC), the 12 percent depreciation of Ripple (XRP) in altcoins, which experienced panic selling, worried its investors.
The positive progression of the SEC-Ripple (XRP) chaos lately for the XRP side, XRP. created a positive atmosphere in the ecosystem. XRP, one of the well-known names and major coins of the crypto market, has gained significant volatility in the last hours. Shaken by the arrival of Bitcoin (BTC) to $ 28,500, XRP came to $ 0.47 and lost almost 13 percent in value within hours. The XRP ecosystem, which has a large share in the crypto industry, has intensified after this drop. Watching at the monthly opening price yesterday evening, XRP finds buyers at $ 0.49 for today.
Ripple (XRP) Chart Analysis
Severely affected by the depreciation in BTC, XRP faced a price drop of 12.54 percent. The major coin, which found buyers at $ 0.47, came back to the level of $ 0.49. In order for the rises on the XRP side to continue, permanence can be followed above 0.5016 – 0.5269 and the monthly opening price, respectively.
BTC’s downtrend or negative news from the SEC may create a panic atmosphere in XRP. In the event that investors dominate on the selling side, it seems likely that the values of $ 0.48 – 0.4710 will be retested.
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