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Ripple’s price has been consolidating over the last few months, as Bitcoin has reached new all-time highs. XRP investors are hopeful that things might be about to change soon.The cryptocurrency mainly oscillated around the 200-day moving average and failed to break to either side of the range between the $0.6 and $0.5 levels.
Yet, as BTC has once again set a new record high, it seems probable that XRP will rise higher toward at least the $0.7 level in the upcoming months.The XRPBTC pair shows a completely different perspective, as Ripple has been rapidly depreciating against Bitcoin over the last year. The price has recently bounced above the 200-day moving average but has failed to keep above it and has dropped again as Bitcoin began to rally.
At the moment, a decline toward the 600 SAT level seems imminent. Yet, if held intact, this level could overturn Ripple’s price trend and initiate a rally for XRP against both BTC and USDT.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.
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