The decline was inevitable as a result of BlacRock’s Ripple (XRP) ETF registration in Delaware turning out to be fake.
A news about BlackRock and Ripple at night took the market by storm. This development, which was related to Blackrock’s registration of Spot XRP ETF in Delaware, directly affected the price and brought XRP from $ 0.665 to $ 0.75. The major coin, which showed an increase of 12.70 percent in a very short time, crashed directly after the news turned out to be fake. As the market rises, reactions to increasing manipulations are increasing.
Can XRP, which generally prices with the news flow effect, gain momentum again? How are things progressing on the technical side?
Fundamental analysis did not allow the technical side!
The ETF issue, which is of critical importance for the crypto industry, brought XRP from $ 0.665 to $ 0.75, paving the way for an increase of more than 12 percent. However, as the news did not turn out to be true, this rise was like a fire. The popular coin, which returned directly to its old price, was first hit by fundamental analysis and then by technical analysis.
The popular coin, which is traded at $ 0.6644 as of the writing of the news, can target $ 0.6962, 0.7232 – 0.7638 – 0.7898 – 0.8223 and $ 0.8550, respectively, if it gets a positive news flow. The downward movement of BTC, the emergence of false news that will manipulate the market, or the SEC taking the lead against Ripple will naturally shake XRP. In such a situation, there may be withdrawals up to 0.6421 – 0.6104 – 0.5797 and 0.5650, respectively.
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