Ripple’s (XRP) strong stance in the altcoin market, which fell with Bitcoin (BTC) slumping below $ 30 thousand, was appreciated.
Price weakness in BTC has resurfaced. The leader of cryptocurrencies, which has tested $ 30,000 several times, remains below this zone from time to time. This pulls altcoins to support levels, scaring investors for buy-side transactions. But things go a little differently for XRP.
XRP, which is one of the fastest collecting altcoins with each withdrawal of BTC, directly shows that its investors are protecting the price. As of the writing of the news, can the major coin, which is $ 0.74, break the resistance area in front of it and light the wick of big rises?
Ripple (XRP) Technical Analysis
XRP, which continues its upward pricing by throwing a needle around $ 0.70, has not yet been able to stay above $ 0.762. The $0.761-$0.768 range will be a deciding area for the popular coin. Once this region is surpassed and sustained, the resistance points that can be followed for XRP will be $0.831 and $0.877, respectively.
The fact that BTC is trading below $30,000, the SEC struggle or FUD news about the ecosystem in general may bring XRP to the lower levels. The prices that can be followed as support for XRP are 0.73 – 0.702 and 0.665 dollars, respectively. Failure of $0.665 to act as support could start a new wave of selling in XRP.
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