XRP’s Bull Run will continue as long as it stays above this level

Ripple’s price has been consolidating over the past few weeks and has yet to hit a record high.

Meanwhile, a bearish reversal does not seem likely at this point as long as a certain key level holds.

By Edris Derakhshi (TradingRage)

The USDT wall chart

As evidenced by the USDT paired chart, the price has failed to continue its near-vertical recovery beyond the $3 resistance level and is currently moving sideways below the aforementioned level.

However, with the key support zone of $2 holding the price up on several occasions, as long as this level remains intact, investors could be hopeful of a bullish continuation soon.

The BTC paired chart

The XRP/BTC chart also shows quite a similar picture as the price has failed to continue above the 2800 SAT resistance level and has been quickly rejected to the downside.

Meanwhile, with the SAT 2000 support area able to prevent a deeper decline, there is still the likelihood that the market will continue to rise in the near term. Of course, a break of the SAT 2000 zone would rule out a bullish continuation for a while.

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