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Ripple Price Analysis: XRP’s Bull Run Will Continue as Long as it Remains Above This Level
By CryptoVizArt – December 26, 2024
The price of Ripple (XRP) has been consolidating for the last few weeks and is yet to make a record high. Meanwhile, a bearish reversal does not seem probable at the moment as long as a certain key level holds.
As demonstrated by the USDT paired chart, the price has failed to continue its almost vertical rally beyond the $3 resistance level and is currently moving sideways below the mentioned level. However, with the key $2 support zone holding the price on multiple occasions, investors could be hopeful that a bullish continuation will occur soon.
Similarly, the XRP/BTC chart also shows a quite similar picture, as the price has failed to continue above the 2800 SAT resistance level and has been quickly rejected to the downside. Moreover, with the 2000 SAT support area being able to prevent a deeper decline, there is still the probability for the market to continue higher in the short term.
Of course, a breakdown of the 2000 SAT zone would rule out a bullish continuation for a while.
Source: cryptopotato.com
