Ripple $2.46‘of XRP‘s, the decrease in the market with the decline in the last 24 hours of more than 8 percent depreciated. It is currently traded for $ 2.28. The decline trend that hit the crypto money market Bitcoin (BTC) 
$95,701.32 and Ethereum (ETH) 
$2,682.11 It affected many major coins, including. Bitcoin was traded at 92 thousand 17 dollars with a decrease of 3.87 percent, while Ethereum lost 8.28 percent to 2 thousand 505 dollars. The total value of the market decreased by 5.06 percent and fell to 2.99 trillion dollars.
Important support and resistance levels for XRP price
In the daily graph, experts analyzing the price movements of XRP emphasizes that there is a strong resistance zone between $ 2.65 – $ 2,80. These levels had come to the fore as difficult points before. Altcoin fell below the $ 2.50 support level with the last decline wave and is currently approaching the next support zone in the range of $ 2,25 to $ 2.30.
XRP price Currently moving horizontally. Altcoin, which continues to be rejected from resistance levels, fluctuates between support and resistance levels. If the current support level is tested, there is a possibility of a short -term recovery. However, this recovery may not be strong enough to end the overall decrease trend.
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What do the technical indicators say for XRP?
According to the technical analysis, XRP has given an excessive sale signal for the first time in a long time. Relative power index (RSI) shows that sales pressure is exceeding. When similar signals in the past altcoinshort -term recovery in the price of the price.
These indicators reveal that a short -term relief rally in XRP is possible. However, in order to break the overall decrease trend, a strong wave of purchase and resistance needs to be exceeded. Investors following XRP’s price movements should focus on the support of $ 2.25 in the short term and $ 2.65.
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.
