Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Ripple Price Analysis: XRP Pushes Toward $0.65 as Buyers Resume Control: Is $0.7 Coming?

Ripple Price Analysis: XRP Pushes Toward $0.65 as Buyers Resume Control: Is $0.7 Coming?

CryptopotatoCryptopotato2024/03/25 16:46
By:CryptoVizArtMore posts by this author

Ripple’s price has been trending lower against BTC and consolidating against USDT. While XRP has been underperforming over the last few months, investors can still be optimistic as significant support levels are available.

Technical Analysis

By TradingRage

The USDT Paired Chart

Against USDT, the XRP price has been steadily declining since failing to break through the $0.7 resistance level. However, support has been found to be around $0.6, preventing further drops.

Should this mark fail, there’s potential for a turnaround near the 200-day moving average, situated around $0.57, offering another possible support level for XRP. On the other hand, a rebound from this level can lead to a potential rise toward $0.7.

The BTC Paired Chart

Examining the Bitcoin pair, there’s been a prolonged downward trend in the market. Currently, the XRP price is revisiting the 900 SAT support area.

A successful bounce from this level could prompt an attempt to breach the long-standing bearish trendline. Should this occur, the next objective would likely be the 1200 SAT resistance level.

Conversely, a failure to hold above the 900 SAT support zone could have dire consequences, potentially triggering a substantial downturn in the market.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!