The value of Ripple is nearly reaching a new peak, with the asset experiencing steady growth in recent months across both USD Tether (USDT) and Bitcoin (BTC) pairings.
By Edris Derakhshi (TradingRage)
The USDT Paired Chart
Since early December 2024, the graph indicating XRP vs USDT suggests a period of tight trading for the third-largest digital currency, with little significant price movement.
Lately, the market has seen a strong increase in bullish energy, surging swiftly towards $3 and even exceeding it. A fresh record high might soon be attained, but given the RSI’s oversold indication, there’s a possibility of a temporary correction occurring.
The BTC Paired Chart
On both Bitcoin and Tether charts, there’s a comparable pattern emerging over the daily timeframe. After a prolonged phase of consolidation beneath the 2800 SAT mark, the market is currently surging upwards.
As things stand, Ripple is outperforming Bitcoin and could continue to do so. However, like the XRP/USDT chart, a clear RSI overbought signal hints at a potential pullback in the near future.
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2025-01-17 16:53