The post Ripple on the Rise: Will XRP Price Hit $0.43 Next? Experts Weigh In appeared first on Coinpedia Fintech News

The XRP price has rallied over 5 percent in the past 24 hours to trade around $0.43 on Monday. Unlike Bitcoin and Ethereum, the XRPL native coin is yet to fully recover from FTX and Alameda’s implosion. As such, a breakout from current levels could lead to a rally toward $0.49. Such a move is supported by the 200W MA that has stabilized around $0.50 since XRP hit bottom in June of last year.

However, such a move could be invalidated should the price respect the falling trend line formed in April 2021. As a result, the digital asset could correct towards $0.32, a support level respected since June last year.

According to a popular analyst on Twitter (@PrecisionTrade3), XRP price is moving in correlation with Bitcoin’s price. As such, an imminent Bitcoin correction could push XRP price towards $0.35 in the near term.