What is the latest situation in Ripple (XRP), which has come to a critical price threshold with Bitcoin (BTC) testing $ 25 thousand 350?
Binance, which got into trouble with the SEC, caused a serious depreciation in the crypto money market. Almost all altcoins have shown a bearish trend compared to the last 24 hours. Likewise, Ripple (XRP), whose case with the SEC continues, has touched an important support range. For now, XRP, which has found strength in this area, has turned its course upwards. But could these spikes be a temporary reaction? We evaluated the XRP chart.
Can Ripple (XRP) Rise?
Testing the support area with the sudden drop of BTC, XRP bounced from this point to $ 0.506. Currently pricing just below the resistance area, the major coin could climb to $0.557 and $0.5857 if it surpasses $0.5153. The SEC’s increasing pressure continues to put projects in a difficult position.
Therefore, developments in the XRP-SEC case can directly affect the XRP price. The levels that can be followed as support for XRP are $0.49 – $0.44 – 0.42 and $0.35, respectively. From these points, the receiver response can be observed.
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