XRP Rockets 7% After Bitcoin Sets New Historic High: What's Next?

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Today's trading session on the crypto market opened extremely positively, literally marking a new historical high for the price of the main cryptocurrency, Bitcoin (BTC). According to the quotes of the world's largest crypto exchange Binance, a new all-time high was set at $75,407.1 per BTC.

It is natural that against the backdrop of this action, many alternative cryptocurrencies also saw a parade of green candles on their price charts. Thus, according to the TOTAL 2 Index, which tracks the size of the total market capitalization of all altcoins, this segment of the crypto market grew by more than $55 billion in one day.

Source: TradingView

Some of this growth, of course, went to XRP as one of the most popular and largest assets on the market. The price of the seventh-most-capitalized cryptocurrency rose nearly 7%, from $0.5 to $0.543 per token. 

What's next for XRP?

At the current moment, the popular cryptocurrency has found resistance at $0.538, where the 23-day moving average passes. If XRP continues to rise, then by analogy, the next price point where XRP could see a sell-off could be the area around $0.553, where the 50-day moving average passes.

If the XRP price does not stop here as well, then the real test for the token will be in the area of the 200-day moving average, which is now stretched out at around $0.62 per XRP. Perhaps these three price points are the most important for XRP right now, and every interested crypto enthusiast and trader should watch them closely.