Ripple Price Analysis: What Are XRP’s Next Targets After Gaining 7% Daily?

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Ripple’s price demonstrates a willingness to rally higher on both the USDT and BTC pair.

Yet, there are still some significant levels the market should overcome.

By TradingRage

The USDT Paired Chart

On the USDT pair’s daily timeframe, the price broke above the 200-day moving average (located around the $0.55 mark) yesterday, following a swift rebound from the $0.5 level. Yet, the $0.6 resistance zone prevents the market from rallying higher.

Meanwhile, the RSI has risen above the 50% threshold, indicating a bullish market momentum shift. As a result, if the price keeps above the 200-day moving average, a rally above $0.6 could be expected in the short term.

The BTC Paired Chart

On the BTC paired chart, things seem quite similar, with the market rising above the 200-day moving average, currently located around the 850 SAT mark. The price action has been bullish recently, with the key 800 SAT level broken to the upside.

Therefore, the price will likely rise toward the 1200 SAT area in the coming weeks, as XRP looks set on beginning a bullish trend against BTC.

The post Ripple Price Analysis: What Are XRP’s Next Targets After Gaining 7% Daily? appeared first on CryptoPotato.

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cowrie
Cowrie (COWRIE) $ 0.000506 0.00%
pontoon
Pontoon (TOON) $ 0.000025 52.52%
palgold
PalGold (PALG) $ 0.000022 0.09%
deathroad
DeathRoad (DRACE) $ 0.000010 0.00%
milkshakeswap
Milkshake Swap (MILK) $ 0.000351 2.48%
instadapp-dai
Instadapp DAI (IDAI) $ 1.14 0.05%
degis
Degis (DEG) $ 0.000062 4.66%
autochain
Autochain (ATC) $ 0.000010 0.00%
decanect
Decanect (DCNT) $ 0.000165 2.31%
panicswap
PanicSwap (PANIC) $ 0.000317 1.23%
furio
Furio ($FUR) $ 0.001510 0.51%
fabric
Fabric (FAB) $ 0.000002 2.13%
vibe
VIBE (VIBE) $ 0.000001 0.00%
catex-token
Catex (CATT) $ 0.000047 2.23%
fight-of-the-ages
Fight Of The Ages (FOTA) $ 0.000027 0.00%
onmax-2
Onmax (OMP) $ 0.000017 0.22%
wrapped-ada-universal
Wrapped ADA (Universal) (UADA) $ 0.971339 7.82%
solex-finance
Solex Finance (SLX) $ 0.000017 0.00%
worldcoin
WorldCoin (WDC) $ 0.004697 6.62%
vana-world
NIRVANA (VANA) $ 0.000115 5.03%
passage
Passage (PASG) $ 0.008201 6.53%
the-husl
The HUSL (HUSL) $ 0.009197 4.48%
rainbow-token
HaloDAO (RNBW) $ 0.000000 0.00%
artery
Artery (ARTR) $ 0.000881 1.44%
shill-token
SHILL Token (SHILL) $ 0.000824 2.06%
terry-in-the-trenches
Terry In The Trenches (TERRY) $ 0.017491 12.81%
baby-neiro
BABY NEIRO (BABY NEIRO) $ 0.000000 0.00%
froge-finance
FrogeX (FROGEX) $ 0.000000 0.00%
mainstream-for-the-underground
Mainstream For The Underground (MFTU) $ 0.000000 0.00%
movez
MoveZ (MOVEZ) $ 0.000000 7.00%