XRP Shows Strength While Bitcoin Hesitates Near Key Levels

• If XRP breaks $2.79, it means purchasing pressure and market confidence, its upward momentum may continue.
• Concerns raised by Bitcoin’s stalling around $100K, as analysts wait for more certain signs before taking action.
• The next move of Bitcoin will determine market sentiment; a rally might further strengthen XRP, while a fall could lead to pullbacks.

XRP is displaying bullish momentum as it pushes toward key resistance levels. Meanwhile, Bitcoin has yet to see a strong relief move . This divergence in price action raises questions about whether XRP is showing strength or BTC is lagging. Analyst CrediBULL Crypto is keen on the next move in the market.

XRP has recently experienced a strong recovery, pushing toward the upper range of its price action. The price had previously dropped significantly, creating a local supply zone between $2.54 and $2.79. However, after multiple failed attempts to break lower, buyers have regained control. This shift in momentum indicates a potential bullish continuation, provided key resistance levels are breached.

Source: CrediBull Crypto

XRP’s Technical Breakout and Key Levels

XRP’s breakout above the $2.54 resistance level has triggered a surge in price. It is currently trading around $2.71, reflecting a 4.84% gain. The Fibonacci retracement levels indicate critical support and resistance zones. Notably, the 100% retracement at $2.26 acted as strong support before this latest move upward.

Besides, XRP’s movement suggests increasing buying pressure. A decisive break above the local supply zone near $2.79 could pave the way for further gains. If XRP fails to hold its momentum, a retest of the $2.54 support level could occur before another attempt higher.

Bitcoin’s Stagnation Raises Questions

Unlike XRP, Bitcoin has not yet pushed above $100K, leaving traders uncertain. CrediBULL Crypto has decided to remove their $94.1K bids on BTC, opting to wait for clearer market direction. Bitcoin’s hesitation at these levels might indicate underlying weakness or merely a period of consolidation before another leg up.

Moreover, the market’s behavior in the coming days will provide crucial insight. If BTC strengthens, XRP could see a more substantial rally . However, if BTC breaks down, it could impact overall market sentiment, leading to potential pullbacks.