The SEC-Ripple case, which has been stagnant for a while, is gradually eroding the strength of XRP.
XRP, which has made an incredible price recently, started to lose its power as the SEC case calmed down. The fact that any positive news about the case is not reflected continues, with the buyer mass in the popular coin being replaced by the sellers. Finally, XRP, which broke the $ 0.646 support, is in the middle of the next support and resistance. What price move can XRP make next?
Ripple (XRP) chart evaluation
XRP, which started to retreat from the $ 0.668 resistance, is trading at $ 0.617 as of the writing of the news. The major coin, which lost its strength as the events in the SEC case stagnated, could aim again at 0.668 – 0.696 – 0.73 and 0.765 as long as it can push above $ 0.646.
The failure of BTC to maintain $28,900 as support or the SEC being the leading name on the lawsuit will continue to shake the XRP price. Two price points stand out in any XRP bearish scenario. The first is $0.582 and the second is $0.557. A downside break of the lower support could trigger a collapse to $0.42, the starting point of the rise.
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