The previous weekend saw little notable movement, with the prices of the most popular cryptocurrencies remaining below their respective resistance levels. Nonetheless, the assist ranges were well-defended, implying that a significant price movement is possible in the following days. Meanwhile, the XRP value, which differs from the other coins, is preparing for substantial price movement, which will alleviate some of the bearish pressure.
The XRP value is poised to catch up with the Bitcoin and Ethereum values this week, with a minimum of a 20% increase by the end of the week. The wonderful week is assumed because the token is breaking excessively, laying down a significant value movement with the RSI rising enormously to overbought levels. The projected increase might be recorded for the first time since September 2022, when the value registered huge positive factors of 37%.
The XRP value has been under acute stress, and the latest breakout from the 200-day MA levels reinforced the token’s forthcoming bullish development. With an escape, the value is expected to grow above $0.5, the primary target.
Nonetheless, the possible break for the second check is wide open. From there, the bulls should be able to increase the value by more than 10% to reach the interim milestone of $0.55 and safe ranges spanning the September 2022 highs.
