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The post <a href="https://coinpedia.org/price-analysis/ripples-remains-stuck-within-a-region-heres-what-next-for-the-xrp-price/">Ripples Remains Stuck Within a Region: Here’s What Next for the XRP Price</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The recent price action of Bitcoin has amazed the entire crypto space as it recorded the highest single-day recovery of over $6000 for the first time since 2021. This revived hopes for a bullish rally, which may elevate the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">BTC price</a> to $100K around the halving. In the meantime, the XRP rally, which is also closely observed, has also risen above the ‘key resistance’ but has not yet validated a rise above the bearish well.&nbsp; 
The <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noreferrer noopener">XRP price</a> marked a high of $0.75 in the first fortnight of the month, which raised the hope of achieving $1 before the end of the month. However, the pullback that followed squashed the hopes for a while but the XRP Army appeared to be sure of a rebound. Hence, the price has now triggered a breakout from the bearish pattern in the short term, which is believed to have a huge impact on the long-term trade in the coming days.&nbsp; 
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The XRP price has been trading within a falling wedge for over a week in the short term and after consolidating along the lower support for a while, it initiated a rebound. This has enabled a breakout from the upper resistance, which can be considered a bullish signal for the token. Besides, the RSI is incremental, the DMI is preparing to go bullish, and the ADX is heading towards the south, which may raise some concerns.&nbsp; 
Collectively, the current trade setup suggests the XRP price could be pre-programmed to reach $0.7 in the next few days. So now is the time for the BTC price to show some strength and achieve a new ATH of $75,000. This move may raise optimism about the next move, which may attract fresh liquidity within the markets. This could be when the Ripple price rises above $0.8 and sets a rally to hit $1.&nbsp;

Ripples Remains Stuck Within a Region: Here’s What Next for the XRP Price

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