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With the case between the Securities and Exchange Commission (SEC) and Ripples getting more intense day by day, XRP has been getting more attention as the whales remain at the edge of storming the market. However, while another hearing on the case is set to commence on January 19, the final verdict might not happen until May or June this year.
Recently, XRP experienced a sudden surge in price as BNB Chain whales shifted their attention toward the coin. WhaleStats claimed that XRP topped the 100 BSC whales a few days ago. It is worth noting that XRP remains among the top 10 coins on CoinMarketCap, thereby boosting investors’ confidence and the likelihood of it getting more attention.
Key XRP Levels To Watch – January 11
According to the Moving Average Convergence Divergence, the current market direction is upward; however, the overall market trend is bearish. The market’s short-term rally was triggered when the triangle pattern in which the price consolidated was broken to the upside.
The daily diagonal support has been breached by a Stop Hunt (SH) candlestick. XRPUSD might retrace into the mitigation block at $0.4450 before crashing down beyond the $0.3000 price level.
XRP Key Levels
Resistance Levels: $0.5590, $0.5100, $0.0.4190
Support Levels: $0.3000, $0.2350, $0.1690
Total Market Capitalization: $890.00B
XRP Market Capitalization: $19.10B
XRP Volume: $1.62B
Market Rank: #6
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