‘Relist XRP’ Gains momentum Yet The Price Plunges Hard!

XRP Price Dumping Hard

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The XRP price has risen above the levels as the Whales continued to stack up at the price dip. The recent Ripple-SEC lawsuit hearing had given a major boost to the price. The was surges notably with the clarity given regarding exchanges.

However, the surge remained a short-lived one as the asset plunged and revisited the lower levels below $0.45. Despite the plunge, the price managed to sustain the trembled situation. And surged high close to the upper resistance levels at $0.56, yet got rejected. 

Previously, when the price hit the upper resistance levels between $0.58 and $0.6, the price failed to sustain and dropped miserably. Nevertheless, the fresh surged manifested a strong desire to smash the levels, yet again got rejected a $0.56.

Currently, the price is plunging hard and on the verge to visit the support levels at $0.54. The prime focus would be to witness whether the price would fail to break the support levels and rebound, else dip to the next support levels at $0.499.

Once the price breaks the support levels at $0.499, then testing the support zone in between $0.46 and $0.48 would be inevitable. Therefore it is mandatory for the XRP price to bounce back to the upper resistance levels. However, the inputs from the Ripple-SEC stand-off may aid the price recovery.