Reacting quickly to the volatility in Bitcoin (BTC), Ripple (XRP) has come to a critical price range.
The positive reaction of Bitcoin (BTC) to US-based news gave altcoins a sigh of relief. Especially in recent days, BTC, which has been stable, has lost a lot of volume. The latest developments in the market, on the other hand, ended this situation and led to a serious increase in BTC. Along with BTC, many altcoins have increased. One of the main names of these altcoins was XRP. XRP, which is the 3rd most valuable coin of the day with its rise in the last 24 hours, is preparing for the decision process.
Ripple (XRP) Chart Analysis
One of the altcoins that reacted the fastest to the increase on the Bitcoin side was Ripple (XRP). Reaching $ 0.42 to $ 0.50 in a few days, XRP experienced a larger rise compared to other altcoins. When the 4-hour chart of XRP is analyzed, it is seen that the $0.50 – $0.52 range is the decision stage for the long term. The route set in this price range brings with it sharp movements in XRP.
In the past, the upward breakout of the 0.50 – 0.52 band had started the 0.585 dollar journey. However, the downside break of this value paved the way for a drop of $0.42. Approaching the same price band, XRP may surprise its investors with its short-term price movements. The resistance levels for XRP are $0.5215 – 0.557 and $0.585 respectively. The support levels that can be followed for the buy point are $0.449 – $0.43 and $0.358, respectively.
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