Ripple (XRP), which broke the falling trend in the past few days and made an upward move, went horizontal again.
XRP, which broke the falling trend and rose to $ 0.64 as BTC marched to $ 38,400, eased to a significant level again. The major coin, which lost the momentum it gained from $ 0.5797 in a very short time, caused confusion with the decrease in mobility. What is the latest situation for XRP, which has not yet received the strength expected by fundamental analysis?
Volatility will increase with the SEC getting involved!
Especially in the last few months, XRP, which has been exploding upwards as it got ahead against the SEC, has not been able to find this support in recent days. As the news flow slows down, the popular coin, which reflects this situation on the technical side, has moved on to a horizontal course. XRP, which started to retreat from the $ 0.6301 – $ 0.6201 band, is currently trading at $ 0.6062.
Victories against the SEC, situations such as BTC settling above $ 38,000 or XRP establishing persistence above $ 0.6201 will clearly strengthen the hands of buyers. In such a scenario, an increase may be recorded towards 0.6301 – 0.6421 – 0.6679 – 0.6962 – 0.7324 and 0.7504 dollars, respectively. The SEC cracking down on Ripple, BTC retreating to $35,000 or staying below the monthly opening price could trigger declines to $0.5797 – 0.5650 – 0.5468 and $0.5277 respectively.
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