Ripple (XRP) Technical Analysis: Reviews and Expectations

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Popular crypto currencies Ripple (XRP) maintained a strong stance with $1.18 despite the overall market trend. Experts expect that XRP will reach above $1.22 in trading. The crypto currency market turned red after the Evergrande bankruptcy, while many altcoins, as well as Bitcoin, recorded significant losses.

Ripple Reviews and Critical Levels

The leading cryptocurrency Bitcoin, trading in the price band of $63,000 to $64,000, the largest altcoin Ethereum decelerated to $4,590 levels. Ripple the decline was inevitable while we were struggling to stabilize at the 1.22 dollar levels. Along with the volatility in the last 24 hours XRP it traded in the range of $ 1.16 to December 1.24.

The transaction volume decreased by more than 40% to $ 4.78 billion, while the market capitalization continues its course around $ 55 billion. on the 4-hour chart, the $ 1.16 threshold at the Ripple price serves as an important support.

The Ripple price movement has shown a strong upward momentum in recent weeks. After a rapid rise to $0.97 on October 27, the XRP managed to break through the resistance area around $1.16. The bullish wave extended to $1.25. However, XRP continued its upward movement last weekend. climbing up to over $1.30 XRP, he showed his potential.

Expert Opinions

Popular crypto currencies Ripple, in search of upward direction according to experts. XRP, which has been declining following the general crypto money market trend, continues its attempts to rise above $1.20 while not facing a devastating loss. Which recorded a decrease of 3% in the last 24-hour time frame XRP, he suffered a loss of momentum.

XRP its price continues to trade 4% behind the 3.84 dollar reached 69 years ago. XRP, which is also closely followed by Turkish investors, is looking for a bullish wave.

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