XRP investors be careful: There may be a decline in this region!

Shocked by the downward movement of Bitcoin (BTC), Ripple (XRP) rang alarm bells.

Bitcoin (BTC), which caused huge sales in altcoins by dropping to $ 64,490 on April 2, created a danger especially in Ripple (XRP). The major coin, which has not been able to draw its direction for a while, frightened its investors by falling below a critical support level with this price movement of BTC. In addition, the popular coin, which remained weak compared to other altcoins during the bullish season, became the focus of criticism.

So, will XRP rise again? What levels should be considered for the popular coin?

Ripple (XRP) may face a decline of nearly 10 percent!

The uneasiness brought about by the halving environment in Bitcoin was directly reflected in altcoins. Among these altcoins, the name that attracted the most attention was XRP. The major coin, which could not fully prove itself during the rise season, attracted attention with its decline in a short time. The critical period continues for XRP, which received a relative reaction after dropping below the minor support.

XRP, which changed hands at $0.5869 as of the writing of the news, may continue to lose value due to factors such as pressure from regulators, the decline of BTC or the increase in BTC dominance. In such a scenario, there may be a pullback towards $0.5440 – 0.5260 and $0.5014, respectively. The range of $0.5440 – $0.5260 will be decisive in the short/medium term price structure. Loss of this area can result in large sales.

If Ripple cracks down on the regulators, BTC moves towards $70,000, or BTC dominance falls, the way for XRP will be cleared. In such a scenario, we can watch increases towards 0.6260 – 0.6686 – 0.7134 and 0.7442 dollars, respectively.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.