Is It Time for XRP to Shine?
Ripple’s XRP witnessed a solid resurgence in the past week, with its price jumping by 14% and briefly crossing $0.60. However, it slightly retraced in the past 24 hours to the current $0.585.
While XRP is in the green zone on a weekly scale, its gains are much less substantial than those of other leading cryptocurrencies. Recall that Bitcoin (BTC) hit a new ATH of over $84,000 earlier today (November 11), Cardano (ADA) has exploded by 80% in the past seven days, and Dogecoin (DOGE) tapped a three-year high of $0.31.
Nonetheless, several analysts remain optimistic that Ripple’s native token has yet to make the headlines. One person touching upon the matter was X user LEB CRYPTO. The trader predicted that XRP “can full send” once Ethereum (ETH) and Solana (SOL) “cool down.”
It is worth noting that ETH had lost some steam in the past 24 hours, with its price dropping below $3,200. However, it’s up again to $3,250 as of writing these lines. SOL keeps pumping and is currently worth around $220 (after registering a 5% daily increase).
It is worth noting that ETH had lost some steam in the past 24 hours, with its price dropping below $3,200. However, it’s up again to $3,250 as of writing these lines. SOL keeps pumping and is currently worth around $220 (after registering a 5% daily increase).
For their part, Dark Defender noted XRP’s brief spike to $0.60, claiming it is poised to beat the “Diablo” resistance zone of $0.6655. CRYPTOWZRD said “we need more bullishness from XRP/BTC to expect a further bullish rally towards $0.65.”
“XRP/BTC needs to breakout above the 0.000007850 BTC resistance target area, a successful bullish breakout of that resistance will offer an upside rally which will help XRP to become bullish with it.
XRP should see a quick rally towards $0.6500, and for now, $0.5500 will be the main daily support target. Both Bitcoin and XRP/BTC will be leading the next move,” they concluded.
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