The sudden fall of Bitcoin (BTC) shook altcoins, while Ripple (XRP) rose and challenged the crypto market.
The easing of Bitcoin to $ 26,400 led its investor to withdraw from altcoins. While many altcoins lost more than 10 percent, XRP’s 8% appreciation stunned the market. XRP seems to be the port of investors who take the opportunity to test the lower levels of BTC. How is the chart of XRP going against the market?
Ripple (XRP) Chart Analysis
The rise of XRP, which is one of the altcoins that showed a decrease with the loss of power of Bitcoin (BTC), attracted great attention. XRP, which instantly slackened from $ 0.433 to $ 0.411, caused great concern in the Ripple ecosystem. But XRP was able to recover in a short time and take itself to higher levels. Priced below the 0.4328 support level, XRP must surpass the $0.4822 – 0.5015 – 0.5261 resistances, respectively, in order to continue its rise.
Fud news from the Ripple ecosystem or the continuation of the selling dominance in BTC can reduce XRP to 0.4022 – 0.3897 and 0.3733 dollars. Volatile days seem to continue in Ripple, which is traded below the support level and the litigation process is carefully followed.
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