Traders Anticipate an XRP Bull Run Following the Surge to $0.65 (Ripple Price Analysis)

Share This Post


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.

Source: TradingView

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.

Source: TradingView
SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

Related Posts

Popular Analyst Predicts an ATH for Ripple (XRP) in 2025: Details

TL;DRXRP recently lost nearly 20% of its value...

What’s Next For Bitcoin Prices After Their Latest Pullback?

Bitcoin prices suffered some notable losses today, repeatedly...

‘Double-edged sword’: Pros and cons of cashback services

Major bank Westpac has recently expanded its partnership...

Gaming Tokens Crash Hard as Bitcoin Falls Ahead of Halving

The crypto markets have been bleeding red in...