After maintaining its price above $11000, yesterday, Bitcoin price has jumped beyond its major target price of $12000. Being the most influential crypto, the price is surely uplifting the rest of the crypto market. Proving this, XRP has started to make an upward price move showing its real potential.
XRP, which was struggling to break out from its narrow price range below $0.39 till yesterday, saw quite an impressive price improvement as it is currently trading steadily above $0.40.
|Ripple (XRP)||Bitcoin (BTC)|
|Return on Investment (ROI)||6,791.68%|
XRP/BTC Price Chart:
Yesterday morning, Bitcoin was trading at a price around $11400, from where it took a sharp rise above $11800. Resonating its price action, XRP price trend also manifested a similar price rise, though here it was still below $0.40. At 19:34 UTC, BTC again saw a price spike causing it to climb over $12000 price mark.
At the time, XRP was hovering between $0.39 to $0.40. BTC price is still bullishly trading above $12k, and XRP is above $0.40 since this morning. It seems it is crucial for XRP to stay above $0.40 with stability, to avoid further price drops.
If XRP continues to surge further, it may see resistance at $0.4091 and $0.4156, though a fall can take it to the support levels of $0.395 and $0.3885. Similarly, BTC’s price rally can face resistance at $12,623.4 and $12,960.85, while its support levels can be at $11,670.94 and $11,055.93.