Ripple (XRP), which exhibits a strong price structure by leading the SEC case, has lost 23 percent in the last 2 days with the collapse in Bitcoin (BTC).
Testing $25,300 twice in the past days, BTC really shook the altcoin market. While many altcoins saw decreases of more than 20 percent, the fact that Ripple (XRP) lost only 8 percent attracted attention. However, with the break of support in BTC, the majority of buyers in XRP lost their hold on the token. It has dropped 10 percent in the last 24 hours and 22.60 percent in the last two days. Can XRP, which has managed to become one of the most durable names of altcoins, put a tooth to Bitcoin and create an upward trend? What is the current chart of XRP?
Ripple (XRP) Technical Analysis
XRP, which dropped from $ 0.56 to $ 0.4496 in two days, experienced a total decrease of 22.60 percent. XRP, the most durable coin of recent days, could not withstand the sales in BTC, causing concern in the Ripple ecosystem. The major coin, which is currently trading at $0.471, can target $0.52 – 0.55 – 0.58 and $0.65, respectively, if it exceeds $0.49.
The continued negative news flow regarding crypto or the SEC lawsuit moving against Ripple could continue to drag the XRP price down. In this case, the support zones that can be followed for XRP are $ 0.43 – $ 0.399 and $ 0.358.
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