The continuation of Bitcoin (BTC) downtrend has seriously shaken altcoins. Facing selling pressure, XRP has lost 15.23 percent in the last five days.
Shining with the positive developments in the SEC case, XRP was once again on the agenda of the crypto market. Reaching $0.54, the major coin has almost doubled its price since January. The fact that Bitcoin (BTC) could not hold and fall at $ 30,000 seriously affected many altcoins, and especially XRP.
Can XRP, which is currently at $ 0.462, be able to return the Ripple ecosystem to its glorious times?
Ripple (XRP) Chart Analysis
XRP, which has lost nearly 16 percent in value in the last five days, continues its price indecision. It also finds buyers below the weekly and daily openings. XRP, which clearly runs the $0.44 support in the recent timeframe, could ease up to $0.422 if this value is broken.
In scenarios where the strong side in the XRP-SEC tension is XRP or the crypto market is trending upwards, big rises can be expected in XRP. The obstacles that can be encountered in these rises can be the levels of 0.4710 – 0.4863 – 0.5016 – 0.5269 dollars, respectively.
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