Today’s trading session on the crypto market opened extremely positively, literally marking a new historical maximum for the price of the main cryptocurrency – Bitcoin (BTC). According to quotes from the world’s largest crypto exchange Binance, the new historical maximum is set at $75,407.1 per BTC.
Naturally, against the backdrop of this action, many alternative cryptocurrencies also saw a parade of green candles on their price charts. Thus, according to the TOTAL 2 index, which tracks the size of the total market capitalization of all altcoins, in one day this segment of the crypto market grew by more than $55 billion.
Part of this growth, of course, went to XRP as one of the most popular and largest assets on the market. The price of the seventh largest cryptocurrency by capitalization increased by almost 7%, from $0.5 to $0.543 per token.
What’s next for XRP?
Currently, the popular cryptocurrency has found resistance at $0.538, where the 23-day moving average passes. If XRP continues to rise, then by analogy, the next price point where XRP could see a selloff could be around $0.553, where the 50-day moving average lies.
If the price of XRP does not stop there, the real test for the token will be the area of the 200-day moving average, which currently stretches at $0.62 per XRP. These three price levels are arguably the most important for XRP right now and should be kept a close eye on by every interested crypto enthusiast and trader.
