Breaking the falling trend in the past few days and making an upward move Ripple( XRP) moved horizontally again.
BTCbroke the falling trend and rose to $0.64, accompanied by the march to $38,400. XRP It eased again to a significant level. The major coin, which lost the momentum it gained from $ 0.5797 in a very short time, caused confusion with the decrease in mobility. What is the latest situation for XRP, which has not yet received the strength expected by fundamental analysis?
Volatility will increase with the involvement of the SEC!
Especially in the last few months SEC XRP, which exploded upwards as it got ahead against , has not been able to find this support in recent days. As the news flow slows down, the popular coin, which reflects this situation on the technical side, has moved on to a horizontal course. XRP, which started to retreat from the $ 0.6301 – $ 0.6201 band, is currently trading at $ 0.6062.
Victories against the SEC, situations such as BTC settling above $ 38,000 or XRP establishing persistence above $ 0.6201 will clearly strengthen the hands of buyers. In such a scenario, an increase may be recorded towards 0.6301 – 0.6421 – 0.6679 – 0.6962 – 0.7324 and 0.7504 dollars, respectively. The SEC cracking down on Ripple, BTC retreating to $35,000 or staying below the monthly opening price could trigger declines to $0.5797 – 0.5650 – 0.5468 and $0.5277 respectively.
