Ripple’s price is finally gaining bullish momentum against both USDT and BTC pairs after overcoming significant resistance levels. However, there remains considerable work ahead.
XRP Price Analysis
By Edris Derakhshi (TradingRage)
The USDT Paired Chart
In relation to USDT, Ripple’s price has been fluctuating since bouncing back from the $0.5 support level, breaking through the 200-day moving average (around $0.55) and the crucial $0.66 barrier. The cryptocurrency is now on track to test the $0.7 resistance region.
Nonetheless, the RSI is nearing the overbought zone, which serves as a warning sign that a pullback could occur soon.
The BTC Paired Chart
The XRP/BTC chart indicates that the price has been consolidating within a bullish flag pattern following a breakout above the 800 SAT resistance level. This area has now established itself as support, following a market retest.
The upper boundary of the bullish flag is close to being breached upwards, which could trigger a market rally towards the 1200 SAT resistance level in the upcoming weeks.
The post Ripple Price Analysis: XRP Surges 10% in 2 Days – Is the Rally Ending? appeared first on CryptoPotato.
