Ripple's XRP has shown tremendous growth over the last few days and has broken through several pivotal resistance levels against both USDT and BTC. The XRP price has now climbed to the significant level of $0.55, though it has not been able to hold above the mark. This has created a possibility of a potential pullback or even a correction in the near future. The RSI indicator has also suggested an overbought status, further increasing the likelihood of a bearish sentiment. In case of a strong dip, the $0.43 level will act as support.

A similar pattern can be observed when we observe the performance of XRP against Bitcoin (BTC). The token saw a steep surge in its price in the course of the week. Three key levels - the 0.000016 SAT, the 0.000018 SAT resistance levels, and the 50-day EMA of 0.0000165 SAT have all been surpassed. XRP price has then exceeded the upper limit of the ascending channel, however, it has been pushed back after failing to hold its position around the 200-day EMA at the 0.00002 SAT zone.

If the trending line holds, it could lift the price up to the 0.000022 SAT level, with a successful break through the 200-day mark. On the contrary, if the significant resistance line is pushed back, a significant bearish correction below 0.000016 Sat could be observed. Regardless of how the market responds, we could expect volatility of Ripple’s XRP in the short-term as the asset retests its current position.



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