Bitcoin price which got rejected multiple times at different levels in 2020, finally broke out to its highest levels this year. As the BTC price breached above $16,000 recently and very strongly heading towards its all-time high.
However, the other altcoins especially XRP, also got rejected multiple times at $0.26, has appeared to have endorsed a slow movement. Also, the uptrend of Bitcoin and relaxed XRP price led to the downtrend of XRP/BTC price to their lowest levels since 2017.
Currently, XRP/BTC price stands at 0.00001564, and XRP price is $0.256499 with a jump of 1.01% in the last 24 hours. However, the XRP/USD price is expected to surge in the coming days.
Also Read: Ripple Price Analysis: XRP Price Set for Big Drop?
As the buying pressure is mounting at the time of reporting, XRP is strong heading towards $0.26 despite multiple rejections. The next target set is at $0.27 after successfully maintaining after $0.26.
Considering the technicals, the RSI indicates a good buying momentum being build in the market but, it needs to cross RSI 70 or 80 to reach the target. Also in the last couple of days,
XRP/USD price had experienced two major breakouts which rallied XRP price above $0.25. Therefore yet another push is the need of the hour to carry the price to the next levels.
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