Traders Anticipate an XRP Bull Run Following the Surge to $0.65 (Ripple Price Analysis)
Ripple’s price has finally shown some positive signs, making investors optimistic that the new XRP bull run is on the horizon.
Technical Analysis
By TradingRage
The USDT Paired Chart
The Daily chart of the XRP/USDT pair demonstrates a bullish shift in market structure, as the price has broken above the large descending channel and the 200-day moving average at last.
As a result, the $0.7 level is a probable target before a longer-term destination of $0.9.
Yet, as the RSI has recently entered the overbought region, a short-term pullback to the $0.6 level and the 200-day moving average located nearby is possible before a further bullish continuation.
The BTC Paired Chart
On the Bitcoin pair, things look quite different in the grand scheme of things. Yet, the price is showing some signs of recovery.
The market has recently tested the 800 SAT long-term support area and rebounded slightly higher. If the price finds a bottom around this zone, the first target for a potential uptrend would be the 1300 SAT resistance zone, followed by the 200-day moving average located around the 1600 SAT area.
If these two levels get broken to the upside, investors can expect Ripple to outperform Bitcoin for a while.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Skipped Bitcoin Cash? Qubetics ($TICS) Could Be Your Redemption Ticket – Top Cryptos for Significant Returns
The crypto market has been on fire lately. With the spotlight shifting to new and innovative blockchain projects, everyone’s eyes are on which cryptos will make waves this year.Bitcoin Cash: A Missed Opportunity for Significant ReturnsQubetics: Revolutionizing Digital Finance with Real-World Asset TokenizationConclusion: Time to Act on Qubetics
BTC Short Position by ETH Whale Nears $332M
A crypto whale boosts their BTC short position to $332M, facing losses and potential short squeeze risk.Whale Boosts BTC Short Position Amid Market VolatilityRisk of Liquidation LoomsStrategic Buy Orders Placed

Pakistan Launches Crypto Council Led by Finance Minister
Pakistan forms Crypto Council to boost blockchain and crypto adoption, chaired by Finance Minister Muhammad Aurangzeb.Pakistan Takes a Bold Step Toward Crypto AdoptionFinance Minister to Lead the InitiativeFocus on Innovation and Financial Inclusion

Trump Crypto Project WLFI Buys AVAX, MNT for $4M
Trump-linked crypto project WLFI buys $4M worth of AVAX and MNT, total investment hits $340M with $115M in unrealized losses.WLFI Adds AVAX and MNT to Crypto Portfolio$340M Invested Across 11 TokensHeavy Losses Despite Market Activity

Trending news
MoreCrypto prices
More








