While Bitcoin (BTC) is currently showing weakness with the recent retracement from $seven,500 to $6,900, XRP price is remaining relatively stable as the XRP/BTC pair is stabilizing.

Merely information technology's not only the price of XRP that is remaining reasonably stable against BTC, but Stellar Lumens (XLM) is also showing forcefulness. Would this imply that the inverse correlation is back?

Crypto market daily functioning. Source: Coin360

XRP breaks back above the crucial level on the BTC pair

Equally discussed in the previous commodity, the red area was a vital level for XRP to reclaim to sustain any bullish momentum. The cost wasn't allowed to drib beneath the monthly level of 0.00002360 satoshis, which was held every bit back up.

After that, a breakout above the 0.00002500-0.00002550 satoshis level was crucial. Luckily, the breakout occurred.

XRP BTC i-mean solar day nautical chart. Source: TradingView

That's the commencement pace for some momentum on the chart. The next crucial step would be a successful back up test of the crimson zone. If such a exam confirms the back up level here, whatsoever further upwardly momentum is likely to occur.

Overall, as many altcoins are showing a like structure, the cost of XRP is stuck in a sideways range between 0.00002350 satoshis and 0.00003300/0.00003800 satoshis, as the toll has been hovering effectually here for ten months.

Remarkably, the cost of XRP against BTC is on the same level as one month ago, just before the big crash of Bitcoin occurred. Given that the price is stabilizing and not being afflicted past the movements of Bitcoin shows forcefulness and a possible lesser germination for XRP.

Older investors probably recall the good old days, during which XRP had an inverse correlation with BTC. The moment Bitcoin started to drop, XRP started to bounce up in the BTC pair, showing strength. This inverse correlation could be back and may go credible in the coming flow — the moment Bitcoin might continue its retracement.

USD pair facing resistance and needs to flip crucial back up

XRP USDT one-solar day chart. Source: TradingView

The USDT pair is facing a resistance level, which was the concluding surface area before the significant drop of Bitcoin occurred. This resistance zone is marked red on the chart and is at the $0.20-0.22 level.

For bullish momentum, reclaiming this level would create a solid floor for continuation towards $0.28-0.thirty as the side by side resistances.

However, claiming the previous support at $0.1775 would also be a bullish confirmation for continuing upwards. This area is comparable with the area around $6,750-six,800 for Bitcoin. But losing the green zone would imply that XRP is going to test the back up levels from beginning March again as can be seen in the following nautical chart.

XRP USDT 1-week chart. Source: TradingView

The weekly chart is a crucial cistron in this. A weekly close to a higher place the resistance (carmine zones) would create a continuation possible towards the adjacent resistance around the $0.thirty level.

However, if the weekly shut won't be above the resistance surface area, and so the chart is showing weakness, and it's quite probable to encounter a retest of the support effectually $0.145 once again.

As the chart is showing, the $0.145 area is a crucial level to hold for XRP. If that level is lost, then in that location isn't any significant back up until the $0.06 zone if some other 60% drop occurs, and which would put XRP investors into depression mode.

XRP's sister money XLM is another crypto to sentry

Stellar Lumens (XLM) is very similar and has historically followed in the footsteps of XRP. When XRP moves, XLM moves.

XLM BTC 1-day chart. Source: TradingView

The XLM chart is showing a similar structure to XRP. A very long range in which it'southward been moving for almost a yr, showing clear support betwixt 0.00000550-0.00000610 satoshis.

The resistance of this range is at 0.00000810-0.00000820 satoshis and 0.00000880-0.00000910 satoshis. A breakout higher up these levels would create space for 0.00001400-0.00001500 and a massive surge. All the same, to get there, the price of XLM must outset intermission through the resistance area around 0.00000700 satoshis.

Remarkably, the price of XLM is also holding up reasonably well in the BTC pair, despite the massive drop of Bitcoin recently. The price of XLM/BTC is the same equally one month agone before the big drib in Bitcoin price happened on March 12.

Similarly, if XLM holds the marked green zone for support (effectually 0.00000600 satoshis), a new, large surge could occur towards the range highs.

Stellar Lumens needs to claim $0.04 as support

XLM USDT ane-day chart. Source: TradingView

The XLM/USDT nautical chart is showing a clear rejection at the resistance of $0.0538, implying that lower levels take to be tested to ostend support levels.

The area to look for is the marked greenish zone around $0.04-0.0425. Property at that place would confirm a support/resistance flip and reclaim of previous support.

Such a support/resistance flip is what traders should exist aiming for, equally such a flip could requite perspectives towards the adjacent resistance around $0.075-0.095 area. This surface area is the side by side vital area to watch for. A breakout above there would provide a higher high and potential bull market movements.

Still, losing the light-green zone would give the coin further down pressure towards the lows around $0.03, putting investors for XLM in depression equally well.

The views and opinions expressed here are solely those of the writer and practice not necessarily reflect the views of Cointelegraph. Every investment and trading movement involves risk. You should conduct your own research when making a conclusion.