Tension-filled moments in XRP: Will the decline continue?

Ripple (XRP), which reached a critical level accompanied by the decline of Bitcoin (BTC) again, scared its investors.

Bitcoin, which has been pricing downward since testing $66,900, continues to pose a threat to altcoins. Especially the fact that major coins are close to important support levels has further increased the risks. During this period, Ripple (XRP) experienced a sharper decline compared to other major coins. So, will the bleeding in XRP continue? Or is the XRP bull that investors have been waiting for a long time a possibility?

Time is running out for XRP investors!

XRP, which had a weak rising season before Bitcoin's correction, was subject to great criticism. The popular coin, which has kept its investors waiting for a long time, has not yet achieved the desired rise. In addition, the decline of BTC literally dealt a blow to the parity. XRP, which has risen from $ 0.4195, is changing hands at $ 0.4930 as of the writing of the news.

Ripple, which does not fight with the SEC, will increase the price of XRP if it gets ahead. Factors such as the increase in BTC price or the decrease in BTC dominance may be a different driving force for XRP. In such a scenario, the resistance levels that can be followed for the major coin can move towards 0.5059 - 0.5440 - 0.5787 - 0.6260 - 0.6686 - 0.7134 and 0.7442 dollars, respectively.

Factors such as the SEC continuing to put pressure on Ripple, BTC halving not having the expected effect, BTC losing value or increasing BTC dominance will naturally create sales in XRP. In such a scenario, 0.4631 - 0.4195 and 0.4195 respectively. Loosens to $0.3650 can be followed. The loss of the recent bottom point of $0.4195 may herald a new collapse period.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.