CryptoIs XRP About to Explode to $4 Soon? Ripple...

Is XRP About to Explode to $4 Soon? Ripple Price Analysis

-


Ripple’s price has been on a massive uptrend over recent weeks, even with the flash crash it experienced a couple of weeks ago.

Yet, for a further bullish continuation to materialize, a specific resistance range needs to be overcome.

By Edris Derakhshi (TradingRage)

The USDT Paired Chart

Against USDT, the cryptocurrency has recently gone through a quick drop toward the $2 support level but has been able to rebound quickly. Currently, the price is bound to test the $3 resistance zone, and in case of a breakout, a rally toward $4 could be expected in the coming weeks.

On the other hand, a rejection could see the market fall back to the $2 area and even lower.

xrp_price_chart_1602251
Source: TradingView

The BTC Paired Chart

The XRP/BTC pair’s daily chart shows a more optimistic picture, as the market is about to break the key resistance level of 2,800 SAT to the upside.

The RSI is also showing values above 50%, indicating that the momentum is in favor of a bullish move. A breakout above the 2800 SAT zone would likely lead to a price surge toward the 4,000 SAT area, which could be seen as a massive move for XRP.

xrp_price_chart_1602252
Source: TradingView
SPECIAL OFFER (Sponsored)

Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive $600 exclusive welcome offer on Binance (full details).

LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE position on any coin!

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.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

OpenAI exec leaves to found materials science startup

Liam Fedus, OpenAI’s VP of research for post-training, is leaving the company to found a materials science AI...

A Major Privacy Upgrade is Coming Soon

Cross-platform encrypted messaging between iPhone and Android is coming soon, thanks to updated Rich Communication Services (RCS) standards....

8,000 BTC Still Buried as Appeal Denied—Bitcoin Recovery Fight Heads to Europe

A British man’s desperate fight to recover about 8,000 lost bitcoin—worth hundreds of millions—has been blocked again, pushing...

Advertisement

The Ugly Stepsister trailer has big The Substance vibes

"What if Wicked and The Substance had a grubby baby?" This was the headline for my review of...

Must read

OpenAI exec leaves to found materials science startup

Liam Fedus, OpenAI’s VP of research for post-training,...

You might also likeRELATED
Recommended to you