Ripple $2.60‘s crypto currency XRP continued its struggle with significant resistance levels, while in the last 24 hours, fell over 2 percent. On the other hand, Altcoin, rising over 5 percent on a weekly basis, Bitcoin 
$95,771.38(BTC) shows signs of weakness with withdrawal. Bitcoin was traded below $ 96,000, while most crypto currencies in the top 10 entered the red zone. The future of the XRP price remains uncertain depending on Bitcoin’s movements.
Price Analysis and Comment for XRP
According to analysts XRPClosely follows Bitcoin’s price movements. As Bitcoin retracts, XRP also has a weak appearance. Accordingly, the price may decrease if the resistance level between $ 2.58 and $ 2.73 cannot be exceeded. XRP’s daily candle closing below $ 2.58 dollars may cause this level to reorganize.
However, if a bottom zone is created above the previously seen low level, the positive appearance may continue. The support level between $ 2.25 and $ 2,30 is critical for the XRP to maintain the possibility of rising. If this support level is broken, the price can be withdrawn to $ 2.
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On the other hand, there are smaller -scale support zones for Altcoin. The zone between $ 2.46 and $ 2.47 may be a temporary breathing point for XRP if the previous resistance supports. Price movements at these levels can be decisive for the short -term trend of XRP.
Short -term xrp price movements
XRP priceThe current bear trend in the preservation remains continuity. The preservation of the existence of this trend can bring the price closer to the local bottom point. Approaching the over -selling zone in 2 -hour graphs may soon bring the possibility of a temporary recovery to the table.
However, XRP may fall a little further before you find support. In the short term, the price can be expected to follow a wavy and horizontal course. At this point, the risk of decrease until the large bear indicator becomes invalid. Therefore, it is important that investors closely follow the important levels of support.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
