Bitcoinwhich gained upward momentum with the rise of Ripple (XRP) by pushing into an important territory.

XRP, which has been pricing bearishly in recent days, relaxed as Bitcoin jumped to $65,000. Turning its course upwards, the popular coin excited the investor base by winking at the bull run. Could XRP, which has been weak compared to other major coins, be starting its real rise now? What are the levels that XRP traders should consider?

Breath held for Ripple (XRP)!

Moving downward since 0.6260 dollars Ripple (XRP)has taken the reins back into its own hands with Bitcoin on the rise. Although it has not yet given a clear bullish signal, the major coin, which is pushing a critical resistance area, can sign a violent rise if it breaks through. Ripple, which has been struggling with regulatory pressure for a while, SECBTC’s rise or BTC dominance could lead to $0.5440 – $0.5787 – $0.6260 – $0.6686 – $0.7134 and $0.7442 respectively.

SEC continues to challenge Ripple, geopolitics The continuation of the problems or a sharp increase in BTC dominance will naturally create selling pressure on XRP. In such a scenario, an easing towards $0.5270 – $0.5059 – $0.4643 – $0.4195 and $0.3650 could follow. A loss of the recent low of $0.4195 could bring heavy selling. In addition, XRP may retreat whenever the red box acts as resistance.

While keeping an eye on the technical side, XRP traders should also keep an eye on the news flow. Any news about Ripple could have an impact on the price structure, especially in the short term. If the news flow turns positive and the red zone turns into support from a technical perspective, it will increase the bull signals in XRP.