Bitcoin

<p>Ripple’s price is finally moving, as Bitcoin trades at all-time high values. Yet, there’s still a major obstacle the market should take out before a long-term rally begins.</p>
<p>By <a href="http://tradingrage.com" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Edris Derakhshi (TradingRage)</a></p>
<h2 id="the-usdt-paired-chart">The USDT Paired Chart</h2>
<p>On the XRP/USDT pair’s daily chart, the asset has been rallying impulsively over the last few days, following a rebound from the $0.5 level. The 200-day moving average, around the $0.55 mark, has also been broken to the upside.</p>
<p>Yet, the price is struggling to break past the significant $0.7 resistance level. The RSI also shows a massive overbought signal, which could point to a potential correction in the short term. Either way, the market should break above the $0.7 area soon for a bull market to commence in the coming months.<a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRPUSDT-Daily-Nov-14-2024-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></p>
<h2 id="the-btc-paired-chart">The BTC Paired Chart</h2>
<p>As the Bitcoin price has surged rapidly, the XRP/BTC chart is not showing a similar uptrend to the USDT one. Meanwhile, the asset has bounced from the 700 SAT support zone and is currently testing the 200-day moving average, located near the 800 SAT resistance level.</p>
<p>For Ripple to outperform Bitcoin in the coming months, a breakout above the 800 SAT resistance zone and the 200-day moving average is crucial. On the other hand, if the market fails to continue to the upside, a drop back toward the 600 SAT support area and even lower could be expected.<a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-14-2024-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="aligncenter size-full wp-image-370660" src="https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-14-2024-scaled.jpg" alt="" width="2560" height="1372" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-14-2024-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-14-2024-300x161.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-14-2024-1024x549.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-14-2024-768x411.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-14-2024-1536x823.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-14-2024-2048x1097.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/11/XRPBTC-Daily-Nov-14-2024-50x27.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a></p>
<p>The post <a href="https://cryptopotato.com/ripple-price-analysis-can-xrp-continue-toward-1-after-35-weekly-surge/" rel="noopener noreferrer nofollow">Ripple Price Analysis: Can XRP Continue Toward $1 After 35% Weekly Surge?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple Price Analysis: Can XRP Continue Toward $1 After 35% Weekly Surge?

Table of Contents

CryptoPotato_News

Other articles published on Nov 14, 2024

Litecoin Demand Peaks with Record Spot Inflows – Are LTC Bulls Ready for a Major Move?

XRP Technical Analysis Points to Massive 'God Candle' Rally Toward $2

Solana Price Rally Anticipated as Investor Interest Grows, but a ‘SOL Killer’ Steals Investor Focus!

NEAR Protocol to Build World’s Largest Open-Source AI Model with 1.4T Parameters

Qubetics Raises $2M: Can It Rival Ripple’s Speed and Binance’s Reach as the Best Crypto Bet of No...

Bybit Card Unveils Limited-edition MBTI and Hamster Designs for New Users (14 Nov)

Join our free newsletter for daily crypto updates!