Dude, the situation with Ripple (XRP) is heating up. 🔥 After a really intense spike, the coin has been in a waiting mode, catching its breath. The dilemma is whether it is catching its breath to run faster or if it is deflating.
What's up with the dollar?
Look, against the dollar (USDT), the price of Ripple has created a figure that looks like a triangle. In the world of finance, this is called a symmetrical triangle.
The thing is that this figure can break in either direction, do you understand? 🤷♂️ But there are signals that give us hope. The price is above the 100 and 200-day moving averages, which is a good sign. It's like it's standing on two very firm supports. If the price breaks upward, it could fly above that triangle and the channel it has been moving in. Get ready! 🚀 But if it falls below those moving averages, things get ugly, and it could drop to 2.10 dollars. 😱
And against Bitcoin?
Against Bitcoin (BTC) the situation is similar, but with a different nuance. Ripple is also consolidating and remains above its key moving averages, which is positive. ✅ However, here the moving averages have not crossed yet, so the bullish movement may not be explosive right away. Still, as long as it stays above 2400 SAT, the environment is positive. We could see a jump to 3000 SAT and even challenge the resistance of 3400 SAT.
In summary, we are at a key moment for Ripple. The next few weeks are crucial. It's like the final act of a play where the protagonist could win the lottery or end up on the street. What do you think will happen? Leave us your comment! 👇$XRP $BTC
