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Ripple has been in a bear market for a very long time due to the dire state of the global cryptocurrency market and the lawsuit brought by the US Securities and Exchange Commission. The court action has also led to a sizable number of cryptocurrency exchanges delisting XRP or stopping all future efforts to list it.
However, Bitmart’s announcement that it will offer XRP for spot trading is positive news for XRP, as it is a well-known cryptocurrency exchange. It’s important to note that the price of BONK increased by more than 4000% in only seven days as a result of BitMart’s announcement of the coin’s listing a few days ago. This notion underlies the bullish responses of investors to BitMart’s listing of XRP.
Schlëssel XRP Niveauen fir ze kucken - 5. Januar
After the mid-term consolidation within the $0.5100 and the $0.4190 price levels, the market flipped bearish as lower lows and lower highs emerged. The fair value gap intersected with the supply zone at $0.4190, resulting in significant selling pressure at the zone.
The selling pressure at the $0.4190 supply zone caused the price to dive downward and break the previous low as the market headed into the $0.3000 demand zone. According to the Stochastic indicator, the market is about to reach the overbought region, which will likely lead to a massive crash from the daily Fair Value Gap and the diagonal resistance.
Ripple Schlëssel Niveauen
Resistenzniveauen: $ 0.5100, $ 0.4190, $ 0.3730
Ënnerstëtzungsniveauen: $ 0.3000, $ 0.2350, $ 0.1690
Maart Kapitaliséierung betrëfft: $ 818.68 XNUMX
XRP Maart Kapitaliséierung betrëfft: $ 17.11 Milliarde
XRP Volumen: $0.69B
Maart Rang: # 6
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