Ripple's price has been rallying recently, breaking the $0.55 mark of the 200-day moving average. However, it is struggling to break past the $0.7 resistance level and is showing signs of being overbought, signaling a potential correction. In order for a bull market to begin, the price needs to break above $0.7 soon. The XRP/BTC chart is not showing a similar uptrend as the USDT chart, with the asset currently testing the 200-day moving average and the 800 SAT resistance level. A breakout above these levels is crucial for Ripple to outperform Bitcoin in the coming months. Alternatively, a drop towards the 600 SAT support area could be expected if the market fails to continue its upside movement.
- Content Editor ( cryptopotato.com )
- 2024-11-14
Ripple Price Analysis: Can XRP Continue Toward $1 After 35% Weekly Surge?