Can Ripple (XRP) Price Recover?

XRP price is up again, but everyone is wondering whether there will be a breakout to the old levels.

Ripple (XRP), the third largest cryptocurrency by total market value, suddenly found itself in the $ 0.40 band while pushing the $ 0.80 levels. XRP, which dropped from $ 0.80 to $ 0.40 due to Bitcoin's fluctuating price movements, is being bought and sold for $ 0.52 at the time of this writing. Will the XRP price be able to push the $ 0.80 band again despite all these movements?

XRP Price Drops With Spark

In particular, XRP, which fell by 10% on December 11, dropping from $ 0.55 to $ 0.486, scared investors. It was expected that there would be drastic movements after the Spark airdrop event, but this sharp decline literally surprised everyone. The XRP price did not drop below the $ 0.48 support, and had it gone, the next target would be $ 0.43.

The further movements of the XRP price gave investors some hope. The XRP / USD pair rose from $ 0.48 to the $ 0.52 level. $ 0.52 was a critical resistance point for XRP previously. The crossing of $ 0.52, which is also supported by the 50 SMA, will mean a rebound to the $ 0.60 band for XRP investors.

Critical Level for XRP: $ 0.52

Looking at the XRP price analysis above, it can be seen that the XRP price is experiencing a serious congestion against $ 0.52. If XRP price can hold above $ 0.52 again, the expected rally may manifest itself. Of course, for the rally, Bitcoin's market dominance also needs to drop significantly and prepare for the rise of altcoins.

The Bitcoin RSI has been hit hard in recent days, and yet the $ 800 rise yesterday is not seen as a positive development for RSI. As of the time this article was written, BTC has been moving towards surpassing $ 19,200 and it is clear that XRP and other altcoins will not be positively affected by these movements. If Bitcoin can go above $ 19,800 in the short term, the XRP price could fall sharply.

Although Altcoins Rising, XRP Stays In Place

Ethereum, on the other hand, continues to rise along with Bitcoin in the opposite direction of XRP. The only altcoin in the top 10, which has risen more than ETH, which has gained 5% in the last 24 hours, looks like Litecoin. LTC rose above the $ 80 level again, with an 8% rise. Despite the activity in other altcoins, the fact that XRP is behind shows that investors are waiting for hard days.