As a seasoned analyst with over two decades of trading experience under my belt, I must say that Ripple‘s (XRP) current uptrend is nothing short of impressive. The asset’s relentless surge, especially against Tether (USDT), has been a sight to behold in the crypto market.
The upward trend of Ripple shows no signs of slowing down; it’s highly probable that the value will reach a fresh peak shortly.
By Edris Derakhshi (TradingRage)
The USDT Paired Chart
On the USD Tether pair’s graph, the value has climbed steeply since it breached the 200-day moving average around early November. After breaking through multiple resistance points, the market is now pausing just under the crucial $3 mark.
Currently, the $2 area has been acting as a strong base for the asset, keeping a significant drop at bay despite a brief dip under this level in the past week. As the Relative Strength Index (RSI) is showing signs of stabilization, it seems likely that the market will continue to rise in the near future.
The BTC Paired Chart
Observing the XRP/BTC trading pair, it appears quite analogous to the Tether counterpart chart. The market has initiated a strong upward trajectory following a break above the prolonged bearish trendline; however, it could not surpass the 2800 SAT resistance level during its initial attempt.
Yet, as long as the 2000 SAT support area is intact, higher prices could be expected for XRP against BTC.
Read More
- FARTCOIN PREDICTION. FARTCOIN cryptocurrency
- SUI PREDICTION. SUI cryptocurrency
- Excitement Brews in the Last Epoch Community: What Players Are Looking Forward To
- The Renegades Who Made A Woman Under the Influence
- RIF PREDICTION. RIF cryptocurrency
- Smite 2: Should Crowd Control for Damage Dealers Be Reduced?
- Is This Promotional Stand from Suicide Squad Worth Keeping? Reddit Weighs In!
- Epic Showdown: Persona vs Capcom – Fan Art Brings the Characters to Life
- Persona Music Showdown: Mass Destruction vs. Take Over – The Great Debate!
- “Irritating” Pokemon TCG Pocket mechanic is turning players off the game
2024-12-17 17:42