After Bitcoin (BTC) exceeded $ 28 thousand, many altcoins showed sharp rises, how can Ripple (XRP) move, which has come to a critical price band?
After BTC made an upward move, almost all altcoins showed a sharp rise. BTC, which gained close to 6 percent value in a short time, especially brought the leading coins of the market behind. XRP, which has come to a critical point in terms of technical analysis, can start larger price movements if this level is exceeded.
Ripple (XRP) Chart Analysis
XRP, which received a reaction from 0.4710 a few days ago, came to the same value again. But this value acts as a resistance for now. As long as the decision phase of XRP continues on the upside, it will be likely to target $0.48 – 0.50 – 0.52 dollars respectively. As for a negative trend, a pullback to the $0.44-$0.42 levels seems likely. With the continuation of the SEC-XRP war, the activity in the XRP ecosystem continues. XRP investors, who also have a certain segment in the crypto market, closely follow the XRP-based news.
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