Ripple price has been in a tough spot as it hovers around the daily demand zone, stretching from $0.700 to $0.753, however, bulls have made a comeback, leading to a bounce higher.
As of this writing, the XRP price looks like it now wants to continue its rally, however, the upside potential for the remittance token seems to be capped due to the existence of multiple resistance barriers at $0.994.
That said, there is a chance #Ripple’s XRP price will embark on a 13% upswing to $0.865, coinciding with the 50-day SMA. Although unlikely, a breach of this level will allow XRP price to retest the 200-day SMA at $0.951.
XRP price has witnessed a quick rally as it bounced off a crucial support level. Although the crypto market, in general, shows a bullish outlook, Ripple’s upside potential seems to be capped due to a barrage of resistance barriers.
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One of the world’s largest cryptocurrency exchanges is looking to enter the derivatives trading markets. The acquisition of FairX will allow Coinbase to roll out crypto derivatives trading to its millions of customers in the United States.
Uniswap Price Prediction: UNI prepares for a 22% run-up
- Uniswap price has bounced off the weekly support at $14.97, signaling the start of an uptrend.
- Investors can expect UNI to revisit $18.67 after a minor retracement.
- A four-hour candlestick close below $14.97 will invalidate the bullish thesis.
Uniswap price has created a double bottom around a crucial weekly support level, resulting in a new uptrend. Although there might be a minor retracement, investors can expect the recent bullish outlook to persist.
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