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XRP Price Analysis: Despite the Turmoil, Ripple Soars 20% Against BTC in a Week

Buyers are still determined to defend the level of $ 0.3. The price has tested this support once in the current week.

Technical Analysis

By Grizzly

The Daily Chart

The price is currently at the Fibonacci level of 0.786 (in blue), which is at $0.3. If the bulls are successful in defending it, then the cryptocurrency might have a shot at moving towards the Fibonacci level of 0.618 at $0.44, which is now a horizontal resistance (in green). However, given the current market condition and overall momentum, this seems like the less likely case.

In the bearish scenario, if  $0.3 breaks down, the support range at $0.17-$0.24 can be considered a potential reversal zone.

Key Support Levels: $0.30 & $0.24 & $0.17
Key Resistance Levels: $0.44 & $0.58

Moving Averages:

MA20: $0.37
MA50: $0.43
MA100: $0.6
MA200: $0.69

The XRP/BTC chart

Against BTC, the situation is entirely different. The price has increased by 20% in the last seven days. The bulls are now trying to break the critical resistance in 1550 Sats. If this happens, the next resistance is at 1700 Sats.

On the other hand, if buyers fail to push the price above the mentioned level, XRP may move towards horizontal support at 1250 Sats. Still, it remains to be seen how the bulls will perform in the coming days as market volatility remains sky-high.

Key Support Levels: 1250 Sats & 1100 Sats
Key Resistance Levels: 1550 Sats & 1700 Sat

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#Lil Fanta #TheSupremeTeam
Artist Name: Lil Fanta

Who are you?

Different, versatile, catchy i guess lol

Where are you from?

I was born in Brazil but I stay in north Miami Beach, the music scene here is really diverse lots of different kinds of music from drill to Detroit type shit to reggaeton to yeat type shit but i got a different sound n I’m really diverse n versatile with it.

How can we follow you?

Lil Fanta on all streaming platforms. Southsidefanta on all social media.

Song Title: Usain/HEY!

Listen to Lil Fanta:

Source: https://supremepr.us/

XRP Price Analysis: Despite the Turmoil, Ripple Soars 20% Against BTC in a Week

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