Fluctuations in technical indicators, struggle to hold on to the $0.50 level
While Bitcoin continued to determine the direction of the cryptocurrency market after the halving, XRP started the day with a slight recovery. The altcoin, which is struggling in the critical support level of $ 0.50, shows some signs of recovery in the early trading stages after the latest developments in the legal processes, but also declines depending on the market sentiment.
XRP price overview
A sudden drop from $0.54 at the beginning of last week to 0.45 rose to 0.51 with a 5 percent post-halving price increase indicating the existence of a short-lived recovery that restarted at $0.50 on April 18 until today. . The market value also increased with the XRP price gaining 4.20 percent in the last 24 hours. Its annual price is 28.361 million dollars and its daily price is 30,000 euros. Additionally, Santiment has now reached the hands of progress, according to the decline in the number of addresses holding XRP
Isn’t the technical evaluation of XRP explained?
You will be able to use XRP to get it but you will have to pay 16 minutes to get it. The asset, which has a weekly loss of 4.88 percent, is considered the correct width of a currency. Especially while there is a weekly squeeze in the Bollinger Bands, the Relative Strength Index, which shows a certain time range, indicates that the selling pressure is increasing. The Exponential Moving average (EMA) is at 0.56 and is above the current price, which can be interpreted as increased selling pressure.
ripple SEC also has a higher price
The SEC is negatively concluding the terms of the agreement in the ongoing legal fight between Ripple, and the SEC’s demand for compensation of 2 billion has left Ripple in a difficult situation. The next process is whether the legal process will somehow be connected after Ripple’s response on April 22 and the SEC entry on May 6. While the legal process continues, XRP maintains price stability above the critical support level. If it manages to continue the rise, the altcoin can reach the 0.5 level again. If the selling pressure continues, a decrease may be seen around 0.48.
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