XRP / TetherUSLong
XRP Ripple price analysis April 10, 2023
XRPUSDT XRP has been maintaining its position above the 38.2% Fibonacci retracement level of $0.49, indicating that buyers are not waiting for a deeper correction to enter the market.
The bulls will aim to consolidate their stance by pushing the price towards the overhead zone between $0.56 and $0.58. This area remains crucial to monitor because breaching it could potentially trigger a rally towards $0.65 and eventually $0.80.
On the other hand, if the price retraces and falls below the 20-day EMA ($0.48), it would imply that short-term traders may be securing their profits, pulling the XRP/USDT pair towards the vital support at $0.43.
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