Ripple has seen a sharp rise over the last 24 hours after breaking above the $0.2450 resistance level. The XRP/USD pair even spiked above $0.2500 and tested the key $0.2550 resistance.
XRP bulls managed to remain active in today’s early sessions despite a slight downside correction towards $0.2450. The fourth-largest crypto asset, according to CoinMarketCap, has now started a fresh rally above the critical $0.2520 resistance level.
In the last couple of hours, the asset managed to surmount the hurdle near $0.2550 to move further into a positive zone. The XRP price is up almost 1% to trade at $0.2527 during the time of this publication.
XRPUSD chart by Tradingview
The XRP bulls are now likely to face some resistance at $0.2580 and $0.2600 levels. A successful close above these levels could open the doors to a sharp uptick toward the $0.2680 and $0.2700 levels in the near term.
BTC Price Approaches Key Breakout Zone
Bitcoin is currently extending its rise above $10,700 after starting a decent recovery wave above the $10,550 and $10,650 resistance levels.
The king coin managed to clear the $10,750 resistance momentarily before correcting lower to trade at during $10,707 press time.
BTCUSD chart by Tradingview
The pair is now approaching critical hurdles near $10,850 and $10,920, above which the bulls could retest the elusive $11K level.
BTC Price Forms Long-Term Uptrend Signal
The king coin’s inability to retake the crucial long-term support at $11K has led some investors to fear that BTC could see a strong reversal lower.
However, crypto trader and analyst Eric Thies dispelled this bearish sentiment via an October 5th tweet. He shared the chart below, displaying a crucial long-term uptrend signal that indicates more upside is to come.
The chart shows the KDJ indicator forming a bullish crossover for the first time since 2014, before the bull trend that took the BTC price to $20K.
This technical signal usually shows when an asset is either overbought or oversold over a specified time frame. This latest six-month KDJ crossover paints a bullish picture for BTC.