đ„đ„XRP Cannot Reach Desired Levels in the Middle of the Rise: What's the Reason? đ„đ„
Ripple's XRP coin failed to hold above the critical $ 0.60 level. Despite the general rise of the crypto market, it performed poorly by failing to make the expected increase.
Today, Bitcoin managed to exceed the $ 64,000 level and gained 1.5% in the last 24 hours. With this development, many major altcoins also showed a green look; Ethereum increased by 3.2%. However, XRP fell by about 1% in the last 24 hours and was among the worst-performing cryptocurrencies in the top 100. Analyst Bill Morgan emphasized that the bulls' failure to rise above this level is an important indicator in the short term. âFailure to break and sustain $0.60 could lead to a drop below the 20-day EMA, which has created a strong resistance level,â Morgan said.
Is XRP on the rise?
Many community members have been speculating that the altcoin could potentially reach new highs following the conclusion of Rippleâs lawsuit with the SEC earlier this year. Last month, Rippleâs CEO David Schwartz stated that he had no definitive information about the factors affecting XRPâs price.
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