Crypto Blog
Ripple is considered far behind other major cryptocurrencies. While coins like BTC and ETH are rallying consistently, XRP has failed to do so. Yet, things might be about to change soon.
XRP has consolidated the price above the $0.6 level against USDT. It has also been retesting the 200-day moving average, around the $0.57 mark, multiple times during the last few weeks. Yet, the market is seemingly rebounding from these areas and is about to begin a new bullish phase.Looking at the Bitcoin pair, things have been quite different for XRP. The price has been trending down for the last nine months without showing any signs of recovery.
However, XRP has reached a key support level around the 800 SAT mark. This level might have the potential to overturn the trend and lead to a bull run for XRP against Bitcoin in the upcoming months.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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