Crypto NewsRipple (XRP)

Can XRP Break $0.40 or Another Drop Ahead? (Ripple Price Analysis) – Crypto News News

                                                            Nach sieben Wochen gelang es XRP, wieder über $0,4 zu steigen, doch die Bären drückten den Preis schnell wieder unter diese Marke. Damit die zinsbullische Struktur gültig bleibt, dürfen die Bullen nicht zulassen, dass der Preis unter 0,33 $ fällt.

Technical Analysis

Of grizzly

The daily overview

The bullish structure that results from the formation of higher highs and higher lows can be seen on the chart below. Late last week, the bulls managed the third attempt to break the resistance zone between $0.37 and $0.39 (in yellow). This extended the price towards the 100-day moving average (in white), but it neither reached nor exceeded it.

The bears defended this level which caused a false breakout to appear on the chart. The pair is currently trading below the resistance zone and the MA100 is approaching this level.

The bullish structure would be even stronger if the bulls manage to push XRP above $0.41. A breakthrough and close above this one Resistance would signal the start of a rally with a target of $0.5. Conversely, if the buyers fail to prevent the recent decline above $0.33, the bullish structure would be invalidated.

investment tip Can XRP Break $0.40 or Another Drop Ahead?  (Ripple Price Analysis) – Crypto News News, Crypto Trading News

Key Support Levels: $0.33 & $0.30
Key Resistance Levels: $0.39 & $0.41

Daily moving averages
MA20: $0.36
MA50: $0.34
MA100: $0.40
MA200: $0.57
Can XRP Break $0.40 or Another Drop Ahead?  (Ripple Price Analysis) – Crypto News News, Crypto Trading News TradingView

The XRP/BTC– Chart

Compared to BTC, it fluctuates cryptocurrency between the 100-day moving average on the downside (in yellow) and the 200-day moving average on the upside (in white). This has caused the price to move between two support and resistance zones ranging from 1500 SATs (in green) to 1700 SATs (in red). Unless the price breaks out of this tight trading range, no significant movement is expected.

Key Support Levels: 1500 SATs & 1370 SATs
Key Resistance Levels: 1700 SATs & 2100 SATs
Can XRP Break $0.40 or Another Drop Ahead?  (Ripple Price Analysis) – Crypto News News, Crypto Trading News TradingView

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Source: Crypto News Deutsch

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