Selling pressure in altcoins also hit Ripple (XRP), can the major coin, which came up to $ 0.424, start its upward movement?
With BTC losing strength, many of the withdrawn altcoins have reached the important support level. The popular coin, which hangs below $ 0.432, may start its upward movement if it breaks the downtrend. The danger signals are not over yet in XRP, which is currently priced just below the support level. But what about the XRP chart?
Ripple (XRP) Chart Analysis
The price movements of XRP, which is one of the altcoins that showed a decrease with the loss of strength of Bitcoin (BTC), drew attention. XRP, which instantly slackened from $ 0.46 to $ 0.424, caused great concern in the Ripple ecosystem. Priced below the 0.4328 support level, XRP needs to break the resistances of $0.4822 – 0.5015 – 0.5261, respectively, in order to continue its rise.
Negative news from the Ripple ecosystem or the continuation of the selling pressure in BTC can reduce XRP to $ 0.4136 – $0.4022. It seems that volatile movements will continue in Ripple, which is priced below the support level and the litigation process is followed carefully.
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