Ripple (XRP), which has fallen below an important price area over a wide period of time, has begun to ring alarm bells.
Both the fundamental and technical analysis of XRP, which recently shook the market with fake ETF news, has been manipulated to a large extent. With the enthusiasm created by the news, the major coin, which shot directly to $ 0.75, retreated to $ 0.60 in a short time. Since then, XRP has not been able to increase despite BTC’s positive pricing and has fallen below a critical support area.
What is the status of the chart for the popular coin, which is not doing well both in terms of news flow and technical aspects? What levels should be monitored?
A correction towards $0.50 would not be surprising!
XRP, which has so far mostly been priced through SEC events, will target higher levels if it gets ahead against the regulator or if BTC climbs to $38,000. In such a scenario, 0.6209 – 0.6306 – 0.6421 – 0.6679 – 0.6962 – 0.7324 and 0.7504 dollars can be targeted, respectively.
However, the neglect of a critical support, BTC giving signals of withdrawal and any Fud news that may come will literally shake the price. In such a case, a relaxation towards 0.5797 – 0.5650 – 0.5468 and 0.5277 dollars can be followed, respectively. In addition, if the monthly opening price is ignored, the downward momentum will increase even more.
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