Could Ripple See $ 3.30 Again?

BTC's record has served XRP the most.

With the Bitcoin (BTC) price breaking a record, almost the entire cryptocurrency industry has become active. Looking at the crypto currencies in the top 10, it is seen that XRP is the highest with BTC . Behind XRP's rise of 11% in the last 24 hours is Litecoin with 10%, followed by Ethereum with 7% and finally Chainlink with 5%. So, will the XRP price rise continue?

XRP Price Raging

The XRP / USD trading pair has been falling sharply since December 12. It is known that the XRP investor created sales pressure after the airdrop day and the volume increased exactly for this reason. After the XRP price fell below the critical support levels and declined to $ 0.45 today, the Bitcoin miracle occurred.

The leading cryptocurrency's rise from $ 19,500 to $ 20,500 at once and breaking the critical resistance point has also brought dynamism to altcoins. This rise seems to have benefited the most for XRP and enabled it to rise above the critical support. In fact, it is known that there is very low correlation between XRP and BTC, and this spike has certainly surprised many investors.

XRP Climbs to $ 0.52

Looking at XRP technical analysis, it is seen that if the XRP price holds above $ 0.52, it can rise up to $ 0.58. The continuation of $ 0.58, which previously served as an important resistance, is $ 0.65. The XRP price was up to $ 0.77 at the last time it held above $ 0.65.

Could Ripple See $ 3.30 Again?

The fact that Ripple investors have created an increase of approximately $ 2 billion in XRP volume with Bitcoin taking action indicates that the buying pressure will continue for a while. In particular, the slowdown and consolidation of the leading cryptocurrency could create a bull season similar to that of 2017.

It is known that the price of XRP rose up to $ 3.30 in the bull season in 2017. Nevertheless, it is more important than ever to take action in such a lively and tough market. BTC price may fall as sharply as it exits, and XRP and other altcoins may suffer the most from this drop. It is known that the important support point for the XRP price is $ 0.45 and $ 0.32