CRYPTO

<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/xrp-price-breaks-out-of-its-key-resistance-is-the-0-64-next-stop-for-ripple/">XRP Price Breaks Out Of Its Key Resistance! Is The $0.64 Next Stop For Ripple?</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto industry seems to have started cooling down, as the market has mostly been trading sideways this week. Top cryptocurrencies have displayed minor corrections in their respective values, with major altcoins experiencing the same.</p> 
<p>EGRAR CRYPTO, a well-known crypto analyst with substantial followers of nearly 38K on the “X” platform, has closely followed the <a href="https://coinpedia.org/information/xrp-ripple-price-prediction/">XRP price</a> for quite some time now and has spotted trends for the possibility of a massive price action soon.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> Short Term Analysis – Dangles &amp; Bangs (update):<br><br>Check out the September 15th, 2023 post on<a href="https://twitter.com/egragcrypto?ref_src=twsrc%5Etfw">@egragcrypto</a> to see how the DTL 'A' (Descending Trend Line) is acting <a href="https://t.co/wZ0hiMU3y9">https://t.co/wZ0hiMU3y9</a>… <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> and how <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw">#XRP</a> bangs the DTL 'A' has reached near Fib 0.382 level at 0.58c. <br><br>Find… <a href="https://t.co/bYkswNyCJe">https://t.co/bYkswNyCJe</a> <a href="https://t.co/S9u3v61PWr">pic.twitter.com/S9u3v61PWr</a></p>— EGRAG CRYPTO (@egragcrypto) <a href="https://twitter.com/egragcrypto/status/1718155191428489434?ref_src=twsrc%5Etfw">October 28, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The analyst highlights the Ripples token is presently undergoing a possible breakout as it has managed to breach the cross-resistance/support level but is presently retesting it. Further, the price is seen trading with the support of the resistance trendline, indicating a possibility of a bullish turnover soon.</p> 
<p>Moreover, the analyst suggests staying steady as the price can result in either way of the trendline as it is trading very close to it.</p> 
<h2 class="wp-block-heading" id="h-short-term-xrp-price-prediction">Short-Term XRP Price Prediction:</h2> 
<p>The XRP price has been trading in a cross-resistance/support zone since mid-July. The price was seen steadily trading in the range with the help of the support level. The price experienced a dip in value during mid-August, resulting in the coin breaking down the trend, but the coin was hovering close to the level.</p> 
<p>In mid-September, the price regained momentum and broke into the range, following which the price gained momentum and displayed steady price fluctuations.</p> 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/vlPXLRZ5gZd0Pf6Xscu7Gv6u4jCRLMVRRs_tq4M3uGHNhXGIEFhssq1gXKKDoADfOWbqDi2FImsFHH20Ttv0kp-zy_siMLx1_5ocELIdBVgO_fxLrrCBlkmLmeIAdnMP4TokaAnP3F1k6MrMiTYErX8" alt="XRP Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: XRP/USDT
 </figcaption>
</figure> 
<p>Following the Golden Cross, the price gained momentum and managed to break out of the resistance level, indicating a bullish influence in the market. The XRP price simultaneously broke out of the important resistance level at $0.5455 and is presently hovering close to it.</p> 
<p>If the bulls continue to gain power and hold the price above the support level of $0.5394, the price will gain momentum and make a run to test its key resistance level at $0.64 in the coming week.</p> 
<p>On the contrary, if the bears overpower the bulls and the coin breaks down the support level at $0.5394, the XRP token will lose momentum, fall back into the cross-resistance/support zone, and test its crucial support level at $0.4422.</p>

XRP Price Breaks Out Of Its Key Resistance! Is The $0.64 Next Stop For Ripple?

Table of Contents

CoinPedia News

Other articles published on Oct 28, 2023

Degree Crypto Token Rilis Fitur Baru, "More Benefits"

Breaking: Shiba Inu Devs Kick Start Countdown For ‘Unique SHIB Identity’

Ethereum L2s Surprisingly Set New ATH

Binance Is Contributing to Making a Positive Global Impact: CZ

AI-Driven Revolution in Medical Education and Practice

Roundhill files for Bitcoin Covered Call ETF

Join our free newsletter for daily crypto updates!