#ReboundRally Ripple and Bitcoin Price Trends XRP’s recent rally has stalled after hitting a high near $3, leaving the market wondering what will happen next. Amid the current uncertainty in the crypto market, XRP appears to be consolidating, especially in the Bitcoin trading pair. Could a breakout against BTC be on the horizon? $BTC
Over the past few weeks, XRP has been performing exceptionally well, gaining momentum amid positive developments in the broader crypto market and positive sentiment around the launch of the Ripple USD (RLUSD) stablecoin.
XRP surged to a high of $2.90 on December 3, while also hitting a high of $0.00003 in the Bitcoin pair, a level last seen in May 2021.
However, after this milestone, the rally appears to have entered a cooling phase. The XRP/BTC trading pair, which measures the relative strength of XRP against Bitcoin, has slowed down and settled into a range, suggesting that the next move could be pivotal.
Traders are eyeing the 0.0000265 and 0.00003 BTC levels as major barriers for XRP. A break above these key levels could lead to...