Ripple’s price is currently in a correction phase after a significant spike a few weeks ago. Nonetheless, there are several support levels against both USDT and BTC.
Technical Analysis
By: Edris
XRP/USDT Daily Chart:
On the daily timeframe of the USDT paired chart, the price has recently been rejected from the $0.9 level and is currently declining. The $0.6 support level and the 50-day moving average located around the same area are probable targets for a deep pullback.
However, the price could rebound before reaching those levels. In that case, a breakout above the $0.9 resistance level could be expected. This could lead to a higher rally, and XRP could be trade $1 in the coming months.
Source: TradingView
XRP/BTC Daily Chart:
Against Bitcoin, the situation is similar. The price has failed to break above the 2,800 SAT level twice over the past few weeks. The market is currently demonstrating bearish price action, with the 2,200 SAT area being the first significant support level.
The
We współpracy z: https://cryptopotato.com/what-would-it-take-for-xrp-to-reach-0-9-ripple-price-analysis/
