Daily

<p>Ripple’s uptrend is yet to show any sign of weakness, as it is very likely for the asset to hit a new record high in the short term.</p>
<p>By <a href="https://crypoptionhub.com/authors/" 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 USDT paired chart, the price has been surging almost vertically since breaking above the 200-day moving average at the beginning of November. While the market has broken above several resistance levels, it is currently consolidating below the key $3 level.</p>
<p>Meanwhile, the $2 support zone has supported the asset, preventing a long-term correction even though XRP dipped below that level last week. With the RSI also cooling down, it is likely that the market will continue higher soon.<a href="https://cryptopotato.com/wp-content/uploads/2024/12/XRPUSDT-Daily-Dec-17-2024-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></p>
<h2 id="the-btc-paired-chart">The BTC Paired Chart</h2>
<p>Looking at the XRP/BTC pair, things look quite similar to that of the Tether paired chart. The market has begun an aggressive uptrend since breaking above the long-term bearish trendline but failed to break above the 2800 SAT resistance level in its first attempt.</p>
<p>Yet, as long as the 2000 SAT support area is intact, higher prices could be expected for XRP against BTC.<a href="https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-17-2024-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="aligncenter size-full wp-image-375032" src="https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-17-2024-scaled.jpg" alt="" width="2560" height="1372" srcset="https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-17-2024-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-17-2024-300x161.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-17-2024-1024x549.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-17-2024-768x411.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-17-2024-1536x823.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-17-2024-2048x1097.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/12/XRPBTC-Daily-Dec-17-2024-50x27.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a></p>
<p>The post <a href="https://cryptopotato.com/ripple-price-analysis-is-xrp-heading-toward-new-all-time-high-after-11-daily-surge/" rel="noopener noreferrer nofollow">Ripple Price Analysis: Is XRP Heading Toward New All-Time High After 11% Daily Surge?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple Price Analysis: Is XRP Heading Toward New All-Time High After 11% Daily Surge?

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