Watch these levels as XRP fails at resistance

• XRP corrects 5% after a week of gain

• Ripple continues to enjoy positive progress in SEC proceedings

• XRP can continue to fix until $ 0.33 support is found

Ripple’s XRP / USD is recovering, but sustainable profits depend on major resistance. At the time of the press, XRP fell by 5% in 24 hours as the Bulls couldn’t trigger a $ 38 breakout. Tokens have fallen alongside other cryptocurrencies. The decline after the market has been bullish for a week can be said to be a correction.

After amending the SEC proceedings, the results remain uncertain, but Ripple is on track. On July 12, a US court dismissed the SEC’s request to withhold some documents against Ripple. Documents related to the so-called Hinman speeches of 2018 may have influenced the process. In any case, the courts that are continuously previewing Ripple are positive. It suggests that things are going well for the company. The market is warming up due to the outcome of proceedings that could shape the price of XRP.

At the moment, XRP is one of the top cryptocurrencies despite uncertainty. It ranks 7th in market capitalization, above Cardano and Solana. The recent rise is due to market sentiment, but XRP has a hurdle to clear at $ 38.

XRP fixes after being rejected by key resistance

Source TradingView

Technical analysis shows that XRP was rejected again with a major resistance of $ 0.38. The MACD index is below the moving average, suggesting bearish momentum. Following the latest profits, investors may be making a profit. The current fix is expected to continue. XRP could be resolved in the $ 0.33 support zone. You can also slide to another support for $ 0.30. Investors need to monitor two levels of price behavior and sentiment.

Overview

XRP has been bearish in the short term after being rejected for $ 0.38. Cryptocurrencies can be settled at $ 0.33 or $ 0.30.