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.

Let me know what you think!
Follow me for more TA!