Ripple's Price Shows Positive Signs, Bull Run on the Horizon

According to CryptoPotato, Ripple's price has recently shown positive signs, making investors optimistic about a potential new XRP bull run. The daily chart of the XRP/USDT pair demonstrates a bullish shift in market structure, as the price has broken above the large descending channel and the 200-day moving average. As a result, the $0.7 level is a probable target before a longer-term destination of $0.9. However, as the RSI has recently entered the overbought region, a short-term pullback to the $0.6 level and the 200-day moving average located nearby is possible before a further bullish continuation. On the Bitcoin pair, the market has recently tested the 800 SAT long-term support area and rebounded slightly higher. If the price finds a bottom around this zone, the first target for a potential uptrend would be the 1300 SAT resistance zone, followed by the 200-day moving average located around the 1600 SAT area. If these two levels get broken to the upside, investors can expect Ripple to outperform Bitcoin for a while.