The weekly opening of Bitcoin (BTC) at a high level has triggered altcoins, while Ripple (XRP) seems to be on its way to its next resistance.
Leading the SEC case ahead, the Ripple front continues to surprise with its price movements. The fact that Bitcoin also took a positive step into the week paved the way for the rapid increase on the XRP side. XRP, which came from $ 0.43 to $ 0.48 in a few days, seems to be on its way to the 0.5085 band. XRP, which will enter the decision stage in this price range, can make tougher moves in a short time. How will the 0.5085 – 0.5215 region, which has generally experienced retreats in the previous processes, react this time?
Ripple (XRP) Chart Analysis
XRP, which bounced from $ 0.43 and exceeded the resistance of 0.4496, is currently finding buyers at $ 0.48. The major coin, which started to move to $ 0.5215 after breaking the 0.4496 resistance, added activity to the Ripple ecosystem. In order for the increases on the XRP side to continue, the investor decision between $0.5085 – $0.5215 is the critical point in the short-term price action of XRP. Persistence above this value may bring rises to $ 0.557 and $ 0.585 for XRP.
Negative news from the SEC lawsuit, such as the depreciation of Bitcoin, may bring support levels for XRP back on the agenda. The levels at which buy-side reactions can be observed in the declines are 0.4496 – 0.43 – 0.357 and finally the $0.30 level, respectively. In addition, Ripple, which continues to be one step ahead of the case for now, is one of the coins that investors follow closely.
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