Investors’ hopes for a better life were completely shattered by the realities of the new trading week. The previous weekly candle on the XRP market has struck the whole crypto world. A sharp fall by 50% put in question the bright future of the growth trend. However, its closing above the range of $0.24-$0.26 hinted to market participants that active buyers still remained in the market. Closing the previous weekly candle above $0.28, buyers had to start building a new attack and keep the range of $0.24-$0.26 at all costs. Though, the miracle did not happen both on the weekend and at the beginning of the new week. Investors systematically sell XRP at steadily increased volumes. Unfortunately, in the range of $0.24-$0.26 there was not enough strength of buyers and sellers continued to put pressure on the price with a target of $0.14-$0.16. The XRP Life Preserver Is Above $0.26 The only thing that can save the situation in the XRP market is to close the current weekly candle in the range of $0.24-0.26. Otherwise, interest in the coin will fall for a long time. And a new powerful wave of growth will be possible only after regaining the position. Last time it took a year and a half. At the moment, it is Bitcoin that saves the XRP price from the total collapse continuation. This is evidenced by the chart of the XRPBTC pair, which simply impresses with the trading volume last week: In the previous article, we wrote that a test in the range of $0.14-$0.16 could happen in case of BTC correction to $20,700. Now, we see that such a correction could lower the price much lower. Therefore, nothing but patience will help the XRP market at the moment. While the price is below $0.24-$0.26, buying this coin for short-term growth is definitely dangerous.
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