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On the USDT pair’s daily timeframe, the price broke above the 200-day moving average yesterday, following a swift rebound from the $0.5 level. Yet, the $0.6 resistance zone prevents the market from rallying higher.
Meanwhile, the RSI has risen above the 50% threshold, indicating a bullish market momentum shift. As a result, if the price keeps above the 200-day moving average, a rally above $0.6 could be expected in the short term.On the BTC paired chart, things seem quite similar, with the market rising above the 200-day moving average, currently located around the 850 SAT mark. The price action has been bullish recently, with the key 800 SAT level broken to the upside.
Therefore, the price will likely rise toward the 1200 SAT area in the coming weeks, as XRP looks set on beginning a bullish trend against BTC.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. See Disclaimer for more information.
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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