Attention those who hold XRP: A critical period has been entered!

Alarm bells started to ring in Ripple (XRP), which changed its course downwards with the decline of Bitcoin (BTC).

Taking a weak step into the new week, BTC shook the altcoin market. Many altcoins caused danger with sudden declines. Especially the withdrawals in major coins did not go unnoticed. The most notable name among these major coins was Ripple (XRP). The popular coin, which could not break the minor resistance level, could not withstand the selling pressure and tested the lower levels.

Which price zones should XRP investors pay attention to?

Ripple (XRP) raised expectations!

Ripple (XRP), one of the weak links of the bull season, could not make the expected attack. The popular coin, which usually prices upwards in an environment of regulatory pressure, misled everyone this time. Recently, the SEC fined Ripple two billion dollars. This development was generally interpreted positively by crypto investors. Opinions that XRP may start a bull run after the penalty is paid are gradually decreasing.

As of the writing of the news, XRP, which changed hands at $ 0.6146, is quite weak in terms of both fundamental and technical analysis. The company’s failure to turn its fight against regulators into an opportunity, the parity remaining below $ 0.6260, or BTC’s bearish pricing will push XRP even lower. In such a scenario, there may be a drop to $0.5787 – $0.5440 and $0.5260 respectively. In a scenario where things are going well, there may be an increase towards 0.6260 – 0.6686 – 0.7134 and 0.7442 dollars respectively.

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.