Bitcoin

April

when

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-influence-on-xrp-coins-price-fluctuations/" data-wpel-link="internal">Bitcoin’s Influence on XRP Coin’s Price Fluctuations</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/analist-kritik-fiyat-seviyelerine-isaret-etti-bitcoindeki-yukselis-ivmesi-devam-edecek-mi-2" data-wpel-link="internal">Bitcoin</a> price</strong> continues to stay below $66,000, and as expected, the price of <a href="https://en.coin-turk.com/gurcistan-national-bank-chooses-ripple-for-digital-lari-project/" data-wpel-link="internal">XRP</a> Coin has fallen to the $0.58 support level. While investors wait hopefully for further increases, the fluctuation in <a href="https://coin-turk.com/bitcoinde-yeni-rekor-bitcoin-ag-zorlugu-tum-zamanlarin-en-yuksek-seviyesine-ulasti" data-wpel-link="internal">BTC</a> price has triggered losses in altcoins. The altcoins, retreating from resistance to support levels, have turned red. So, what are the current predictions for XRP Coin?</p> 
<h2 style="text-align: justify" id="what-will-be-the-price-of-xrp-coin">What Will Be the Price of XRP Coin?</h2> 
<p style="text-align: justify">While many cryptocurrencies have made significant gains during the bull market, XRP Coin has not performed as expected. Moreover, the decline in <a href="https://en.coin-turk.com/bitcoins-surge-in-japan-as-yen-loses-value/" data-wpel-link="internal">BTC</a> price is fueling disinterest. The 7-day RSI is at 49.5, reflecting the lack of appetite among investors. Considering the weak performance in the first quarter, this is not surprising.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class=" wp-image-336683 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/xrp-rsi.webp" alt="" width="1337" height="452"></p> 
<p style="text-align: justify">The RSI, which has reached its lowest level since February 28, may indicate that a deeper decline phase has been entered. On the other hand, the metric of daily active addresses for XRP is also signaling a decline. Combining this weakness with the melting investor demand suggests further declines would not be surprising.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-336684 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/xrp-gunluk-aktif-adresler.webp" alt="" width="1322" height="447"></p> 
<p style="text-align: justify">From March 7 to March 11, Daily Active Addresses climbed from 29,246 to 37,724. During the same period, the price of XRP Coin rose from $0.61 to $0.72. However, as of March 20, active addresses fell to 26,848. We also saw a decrease from 33,684 to 30,559 in the period from March 29 to April 2. Correspondingly, the price also fell to $0.57.</p> 
<h2 style="text-align: justify" id="xrp-coin-price-prediction">XRP Coin Price Prediction</h2> 
<p style="text-align: justify">In the first section, we highlighted two important data points reflecting investor sentiment. The technical outlook is no different. A death cross formed on the four-hour chart on April 1. This technical formation occurs when the short-term EMA crosses below the long-term EMA (Exponential Moving Averages). It is a harbinger of decline and occurs when losses begin.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-336685 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/04/XRP-Coin-grafik-3-nisan.png" alt="" width="1236" height="533"></p> 
<p style="text-align: justify">The formation, indicating weakened price momentum, signals further losses for XRP Coin investors. If the feared scenario materializes, we could see the price return to the key area of $0.54 and $0.53. If these support levels cannot be maintained, sales could continue down to $0.49.</p> 
<p style="text-align: justify">Conversely, if BTC unexpectedly tests the ATH level and the overall market sentiment reverses, a bounce from the $0.58 support area could raise the price to $0.66 and $0.70.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoins-influence-on-xrp-coins-price-fluctuations/" data-wpel-link="internal">Bitcoin’s Influence on XRP Coin’s Price Fluctuations</a></h5>

Bitcoin’s Influence on XRP Coin’s Price Fluctuations

Table of Contents

COINTURK NEWS

Other articles published on Apr 3, 2024

Picasso Network integrates IBC with Ethereum, improves cross-chain interoperability

Is Bitgert Coin the New Ethereum? Experts Weigh In

Pushd Set to Revolutionize E-commerce with a Predicted 40X Surge, Courting Ripple and Cardano Ent...

NFTs Are Down, But Bull Run Still Imminent – Bitcoin & Solana NFTs Are Leading The Revival

COINTURK’s First Quarter Achievements in Crypto Journalism

LunaOne: Unveiling the Metaverse Built for Life, Not Just Games

Join our free newsletter for daily crypto updates!