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<p style="text-align: justify">Last week, Ripple’s (XRP) buyers recovered to surpass the mid-level point with a 9.3% gain and took XRP to the highest range. However, selling pressure in the $0.55 price region prevented a break until this current position.</p>
<h2 id="the-impact-of-btc-on-ripple">The Impact of BTC on Ripple!</h2>
<p style="text-align: justify">In the broader cryptocurrency markets, <a href="https://en.coin-turk.com/bitcoin-no-longer-a-passing-fancy-asserts-grayscale-ceo-michael-sonnenshein/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.coin-turk.com/bitcoin-decline-may-be-over-what-do-current-predictions-in-cryptocurrencies-indicate/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) continued to trade above $34,000 with strong demand supporting the bullish sentiment. The 12-hour timeframe revealed that bulls encountered a challenging level at the $0.55 price barrier. This was observed in the downward rejections at the price level on September 29th and October 3rd.</p>
<p style="text-align: justify">A sell order block at the $0.55 price region limited the upward rally, as the token reacted to price changes in the past 48 hours. Despite the bearish trend at the $0.55 price, chart indicators pointed to increasing bullish momentum. The Relative Strength Index (RSI) remained in overbought territory, highlighting strong buying pressure.</p>
<p style="text-align: justify">Additionally, the Chaikin Money Flow was positive, indicating good capital inflows, while the On-Balance Volume (OBV) increase showed a rise in buying volume in recent days. Therefore, buying pressure could lead buyers to clear the bearish trend block with short-term profit targets in the $0.6 to $0.65 price levels.</p>
<p><img decoding="async" class="aligncenter wp-image-271082 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/xrp-6.png" alt="" width="1972" height="1084"></p>
<h2 id="xrp-price-prediction">XRP Price Prediction</h2>
<p style="text-align: justify">The four-hour timeframe of the long/short ratio indicated increasing demand as buyers bid to scale the $0.55 price barrier. At the time of writing, long positions were dominant, holding 51.21% of open contract positions. This emphasized the bullish trend in the short term. Consequently, a move above $0.55 appears likely, and a close proximity of candles above this range could provide longer opportunities.</p>
<p style="text-align: justify">In conclusion, XRP rose to the $0.55 level with a 9.3% increase but struggles to surpass this resistance. Technical indicators suggest strong buying pressure, with long positions in the majority. Buyers are attempting to surpass the $0.55 level, but the difficulty of breaking the resistance persists, balanced by high demand and positive indicators. Long-term opportunities are anticipated.</p> Continue Reading: <a href="https://en.coin-turk.com/the-impact-of-btc-on-ripple/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/the-impact-of-btc-on-ripple/</a>

The Impact of BTC on Ripple

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