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As the cryptocurrency market entered the correction period, there were declines in cryptocurrencies, and XRP was one of the cryptocurrencies that experienced a decline. Bitcoin’s first daily red candle closure after the FTX collapse was the most serious stance on the decline in months. However, according to CoinMarketCap data, Bitcoin has fallen over 1 percent in the last 24 hours and is trading at $ 63,000. The crypto market value came to $ 2.38 billion, up 0.16 percent. So what is the latest situation in XRP? What are XRP’s support and resistance levels?
XRP Price Analysis:
XRP has risen 0.1 percent in the last 24 hours, according to CoinMarketCap data. However, it has lost more than 14 percent in the last 7 days and is currently trading at $ 0.59. This is how Bitcoin lost the $ 0.7 level it gained during the ATH period.
XRP is currently trading at $ 0.59. However, the support zone in XRP appears as the $ 0.58 level. The upper resistance zone is 0.61 dollars.
The search for direction in the market continues with Bitcoin’s correction. A reaction that Bitcoin will accept $ 59,000 as a support zone and take from here will be a sign that the bullish period in the market will continue.