Well, well, well! Ripple’s price has been doing the cha-cha in a wide range over the past month against both USDT and BTC. It’s like watching a soap opera—full of drama and suspense! 🎭
By Edris Derakhshi (TradingRage, or should we say TradingRageQuit?)
The USDT Paired Chart
XRP has been on a downward spiral after reaching a local high above $3.00 last week. Now it’s testing the $2.00 psychological support like a toddler testing their parents’ patience! 😩
The 200-day moving average is chilling far below the current price near $1.70, waving at us like, “Hey, I’m still here!” indicating that the long-term uptrend is still intact despite the short-term drama. 🎢
If $2.00 holds as support, XRP could attempt a recovery toward $2.50-$2.60. But if it breaks below $2.00, it’s like opening Pandora’s box—hello, 200-day moving average! 😱
The BTC Paired Chart
The XRP/BTC ratio has been consolidating after a strong rally last November, currently trading around 2,500 SAT. It’s like a game of musical chairs, and everyone’s hoping to find a seat! 🎶
The pair has faced resistance near 3,000 SAT, leading to a recent pullback. The 200-day moving average at approximately 1,700 SAT is still intact, waving its flag like a loyal soldier in this crypto battlefield! 🏴☠️
Yet, the RSI is trending lower, suggesting a potential weakening of momentum. But as long as XRP holds above 2,000 SAT, we might just see a bullish continuation above the 3,000 SAT area. Fingers crossed! 🤞
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2025-03-11 15:51