According to CryptoPotato, Ripple's price is experiencing a bullish momentum after months of downtrend and consolidation. Analyzing the XRP/USDT pair, the price has shown a rapid recovery from the $0.43 support level. It has broken above both the $0.5 level and the 200-day moving average, which is around the $0.55 mark. Currently, the price is on the verge of breaking above the $0.59 resistance zone. If successful, a rally towards the key $0.72 resistance level is probable in the coming weeks.

The BTC paired chart also displays similar behavior. The market has rebounded and broken above the 800 SAT level. However, the price has yet to break through the 200-day moving average, located around the 900 SAT mark. Typically, a rise above the 200-day moving average indicates the beginning of a new uptrend. Therefore, if a breakout occurs, XRP is likely to significantly appreciate against BTC in the short term.