Ripple (XRP) continues to show strong upward momentum, and the market displays no signs of weakening, increasing the likelihood of reaching a new all-time high in the near future.
XRP/USDT Pair Chart
On the XRP/USDT pair chart, the price has been experiencing near-vertical growth since breaking above the 200-day moving average in early November. XRP has successfully surpassed several key resistance levels and is currently consolidating just below the $3 level.
The $2 support zone has so far prevented a deeper correction, despite XRP briefly dipping below this level last week. With the RSI (Relative Strength Index) cooling off, the market appears poised to resume its upward movement soon.
XRP/BTC Pair Chart
The XRP/BTC pair exhibits a similar pattern to the USDT chart. The price entered a strong uptrend after breaking above the long-term bearish trendline. However, it failed to break through the key resistance level at 2800 SAT on the first attempt.
As long as the 2000 SAT support zone holds, further price increases for XRP against Bitcoin can be expected.
Summary
XRP is currently displaying strength on both the USDT and BTC pairs. Key support and resistance levels will be critical for its next move. If the current trend continues, XRP has a strong chance of reaching a new all-time high in the short term.
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