Ripple (XRP), which has been pricing in a rising trend structure for about two weeks, lost nearly 5 percent of its value with the breakout.
After touching $ 0.458, XRP turned its course upward and reached $ 0.525 within a few days. Considering that the SEC-Ripple case has been proceeding silently for a long time, this increase in the popular coin attracted attention in a different way. However, the altcoin market, which gained volatility with the start of the US Congress last night, retreated somewhat. The decline on the major coin side approached 5 percent.
Ripple (XRP) chart evaluation
XRP, which crashed very hard from $ 0.579 to $ 0.42, is now trading at the intermediate price of the technical view. The popular coin, which formed a rising trend structure on September 10, started to retreat before it could fully test the $ 0.527 resistance. Both the breaking of the trend structure and the harsh rhetoric coming from the US Congress negatively affected the altcoin market, especially BTC.
XRP, which hit $ 0.4910 due to this selling pressure, recorded a decrease of 4.09 percent. XRP, which currently finds buyers at $ 0.4958, can target $ 0.527 – 0.546 – 0.565 and $ 0.579, respectively, as long as $ 0.5031 works as support again. If the parity progresses weakly, declines to 0.486 – 0.449 and 0.42 dollars, respectively, will not be surprising.
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