XRP: Amidst broader market dip, these are the key levels to look out for
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ambcrypto.comThe crypto market has massively shed value over the past few trading sessions. The global crypto market cap, which had breached the $3 trillion level recently, was seen back at $2.24 trillion, at the time of writing. In fact, the broader market shed more than 14% in just the past 24-hours.
At the time of this analysis, it was noted that XRP was one of the worst-hit assets. After shedding close to one-third of its value over the past day, it was seen trading at $0.72, at the time of writing.
At this point in time, XRP is in quite a tricky position, even though it is surrounded by crucial support levels. The first is at the 78.6% Fibonacci level [around the $0.7]. The other is all the way at the bottom, around $0.5.
Now, as can be seen from the
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