XRP Analysts would turn bullish if XRP surges above $0.21, a clear key level for the third-largest cryptocurrency in the market. As we have mentioned during the last few days, the $0.20 region is working as a clear support level for XRP.
During the last months, XRP has been decoupled from Bitcoin, which has been growing up until $10.075 a few weeks ago. This price increase pushed some altcoins but was not enough for XRP to move above $0.24, which has also become a resistance level.
It is worth taking into account that analysts consider that if XRP breaks the 200 day MA, it could move higher in the future towards $0.24/$0.25 per XRP. Currently, XRP is being traded around $0.2055.
However, it is worth noting that XRP could fall again into the $0.17 zone if it is not able to surpass the 200 day MA. At the same time, XRP could be benefited if the entire crypto market enters a new bull run. Many consider Bitcoin could soon start moving higher and eventually surpass its previous all-time high registered in December 2017.
Nonetheless, we still have some time to wait before this takes place. The first target for Bitcoin would be to move higher than its previous local high of $13,750 in 2019.