Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
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.
Key XRP Levels To Watch – January 5
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 Key Levels
Resistance Levels: $0.5100, $0.4190, $0.3730
Support Levels: $0.3000, $0.2350, $0.1690
Total Market Capitalization: $818.68B
XRP Market Capitalization: $17.11B
XRP Volume: $0.69B
Market Rank: #6
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.