Ripple (XRP), which is gradually approaching victory with the developments in the SEC case, has lost 23.5 percent since it tested $ 0.85.
XRP, which shook the recent news cycle with the SEC polemic, had an instant record rise. The popular coin, which managed to reach $ 0.93 from $ 0.46 in the same day, performed a test for $ 0.855 in mid-July. However, XRP, which was withdrawn due to the lack of price action in BTC and the lack of news effect, has fallen by 23.5 percent in the last two weeks. How is the technical side going in terms of XRP?
Ripple (XRP) chart analysis
Continuing its downward trend since $0.855, XRP finds buyers at $0.662 as of the writing of the news. The major coin, which exploded upwards with the latest developments in the SEC case, which has been going on for months, lost this momentum as the news flow slowed down. XRP, which has lost 23.5 percent in the last two weeks, may decline to $ 0.582 and $ 0.557 if it cannot maintain the support of $ 0.646.
Positive news about the case or BTC jumping above $30,000 will trigger a related relapse to XRP. In such a scenario, the resistance points to be followed are 0.696 – 0.73 – 0.789 – 0.80 – 0.822 and 0.855 dollars, respectively. With the breakout of the recent peak of $0.855, there may be greater rises in XRP.
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