Ripple (XRP), which has not yet given the expected performance despite the increase in Bitcoin (BTC), has reached an important point in technical terms.
BTC altcoins, which continue their upward movement despite a lot of Fud news in the market, continue to move up. XRP, which still could not give the desired increase during this rise, finally managed to move into an important segment. XRP, which has been in an uptrend since $0.56, can start its sharp rise if it maintains its stability in the critical area.
It can trigger the rise by taking fundamental analysis behind it!
Having priced in SEC events so far, XRP will target higher levels if it leads its fight against the regulator or if BTC climbs to $38,000. In such a scenario, 0.6306 – 0.6421 – 0.6679 – 0.6962 – 0.7324 and 0.7504 dollars can be targeted, respectively.
However, XRP, which is in a critical region for a long time, will be shaken both fundamentally and technically by BTC’s correction or a Fud news effect. In such a case, a relaxation towards 0.60209 – 0.6111 – 0.5797 – 0.5650 – 0.5468 and 0.5277 dollars can be followed, respectively. On the other hand, if the monthly opening price cannot be maintained as support, selling pressure will increase.
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