Ripple’s uptrend is yet to show any signs of weakness as it is highly likely that the asset will hit a new all-time high in the short term.
Edris Derakhshi (TradingRage)
USDT pair chart
On the USDT pairs chart, the price has been rising almost vertically since breaking above the 200-day moving average in early November. Although the market has cleared several resistance levels, it is currently consolidating below the key $3 level.
Meanwhile, the $2 support zone supported the asset, preventing a long-term correction, although XRP fell below this level last week. With the RSI also cooling, it is likely that the market will continue to rise soon.
BTC pair chart
Looking at the XRP/BTC pair, it looks very similar to the Tether pair chart. The market began an aggressive uptrend after breaking through the long-term bearish trend line, but failed to clear the 2800 SAT resistance level on the first try.
However, as long as the 2000 SAT support area is intact, we can expect higher prices for XRP relative to BTC.
