Ripple Sends Huge Bullish Signal

Over the weekend, bulls benefited slightly as Bitcoin price managed to rise above $67,700. This triggered a minor bullish phase that saw other altcoins surge above their respective resistance levels. XRP price also saw a significant increase, surging above $0.63. The coin has been facing some bearish fervor since the start of the new weekly session; however, the price is about to trigger a healthy upswing soon.

The XRP price continues to remain in a tight range against the US dollar, but the coin is showing tremendous strength against Bitcoin. The XRP/BTC pair has reached some key levels that could have a bigger impact on the coin if bulls show strength at this time.

The Bitcoin price has been surging along, and its dominance has increased significantly. As a result, altcoins paired with BTC have faced a huge pullback, which shows the growing strength of BTC against altcoins. However, the pair has reached the lower support of the ascending support level after forming a series of red bearish candles. The token has only reached these levels twice in history, the first time before the 2017-18 bull run and the second time before the 2021 bull run.

In addition, the monthly RSI is also testing the lower support level at the same time. Now that the level has reached the lower support level, the RSI is also showing a similar trend, and there is a possibility of a strong rebound. This could start a strong bull run and lift the price above the decisive triangle. However, before that, a small pullback seems to be coming.

Follow me, the most authentic free sharing strategy on the entire network, I have currently doubled about 10 times in a month (I opened a Binance order number, you can chat with me at any time to check the authenticity), free sharing, I am waiting for you in the circle #meme板块关注热点 #MtGox钱包动态 #现货以太坊ETF获美SEC批准 $SOL $USDC