The XRP price breakdown now depends on Bitcoin

XRP has recently tried to form the highest new level ever but faced resistance due to high market pressure. Failure has caused great losses to investors with increased pressure pressure.

Now, the recovery of the cryptocurrency depends on the Bitcoin track, with the effect of the price movement on the future performance of XRP.

XRP loses the main support

The percentage XRP offer in profit 95 % exceeded earlier this week, indicating the top of the market. This development led to a wave of pressure, which led to severe clouds. As a result, 3 % of the profit supply has already been eliminated, which increased fears among investors.

Low profits represents a major risk, as it may sell more party holders. If this trend continues, the downward pressure may increase prices. The original ability to maintain the investor’s confidence will be extremely important in determining his next step.

XRP total momentum It is still closely related to Bitcoin, with its connection now at 0.92. This strong relationship means that XRP is likely to mirror Bitcoin price movements, which may be useful given the bullish expectations of Bitcoin.

Bitcoin seems to be prepared to restore support at $ 100,000, which is likely to raise the broader market, including XRP. If the price of Bitcoin settles and its trends up, XRP may find the support it needs to resume its recovery.

Prediction at XRP: escape from the bears

XRP is currently trading At $ 2.46, after critical support levels drop at $ 2.95 and $ 2.70. The price decrease temporarily stopped when Altcoin tested support at $ 2.33, preventing more losses at the present time.

The next challenge in Altcoin lies in the recovery of the lost land. However, a breaking of more than $ 2.70 may be difficult, because the resistance at this level is still strong. Unification under the point of the price is a possible scenario unless the strongest bullish momentum appears.

if Follow XRP Bitcoin is offered, a large recovery can be on the horizon. Restoring $ 2.70 will be a major turning point, which may open the path to other gains. The step exceeding $ 2.95 will nullify the current neutral predictions, which paves the way for complete recovery and more upward trend.