#xrp Bitcoin Spot ETFs have affected many alternative currencies $XRP . The XRP currency, in particular, has seen a decline in its prices, approaching its annual support. This situation may represent a buying opportunity as a rebound seems imminent. One analyst from Coingape also expects an increase in XRP, along with two other alternative currencies that should be monitored in the financial background: a token for the area

Grayscale's liquidation of its Bitcoin holdings has impacted the market correction phase. The cryptocurrency Ripple, which is sixth in market capitalization, has been affected. In fact, the price of XRP has dropped from $0.62 to $0.528, representing a loss of 15%. However, this decline brings the asset closer to a critical level: the annual support level. This may encourage investors to buy it, allowing cryptocurrencies to target higher levels

as the gradually increasing price of XRP is supported by an upward trend line. The latter has effectively provided support during major market downturns. Additionally, XRP has rebounded from this line three times. This demonstrates continued investor interest in purchasing the XRP cryptocurrency during declines. This is a clear indicator of bullish sentiment

If its price rises above the upper trend line, this could lead to increased buying. In this case, the original cryptocurrency price for Ripple could reach $0.70 to $0.75.