Amid the recent correction trend in the crypto market, the XRP price rally witnessed an immediate reversal from the $0.745 mark. Within 5 days, the Altcoin values tumbled 16.5% to reach the current trading price of $0.62. Will the demand pressure at a 50% retracement level, offer buyers an opportunity to counter-attack or further correction is underway?
Also Read: Ripple Role Questioned as USDC XRP Ledger (XRPL) Integration Lags
XRP Price Facing the Fallout Below the 50% Retracement Level
XRP Price| Tradingview
XRP, the digital currency of the Ripple network, is riding a short-term rally under the influence of an ascending support trendline. This dynamic support has uplifted the altcoin value from a February low of $0.49 to a recent high of $0.74, registering a 51.8% growth.
The chart projecting several reversals from this support indicates the buyers continue to accumulate this asset in market dips. As of now, the crypto market is experiencing a similar situation with the Bitcoin pric
We współpracy z: https://coingape.com/markets/will-xrp-price-lose-0-6-support-amid-market-correction/
