altFINS

Dark

<p><strong>XRP has been facing some resistance around the $0.68 level recently, according to technical analysts Dark Defender and altFINS. However, the overall trend remains bullish.</strong></p>
<p>Dark Defender noted that XRP has been struggling to break above the $0.6649 level after closing below it for two straight days. This has resulted in some sideways trading between $0.6649 and $0.6131.</p>
<p>While XRP could dip down to test support at $0.6131, Dark Defender <a href="https://x.com/DefendDark/status/1724012624394760534?s=20" target="_blank" rel="noopener noreferrer nofollow">believes</a> the overall target remains at $0.87 and $1.05 in the near term, as long as XRP can hold above $0.6649.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-306-1024x576.png" alt="" class="wp-image-375959" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-306-1024x576.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-306-300x169.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-306-767x431.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-306-1536x864.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-306-2048x1151.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-306-267x150.png 267w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-306-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-306-623x350.png 623w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-306-788x443.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-306.png 1366w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>AltFINS pointed out the bullish breakout from an ascending triangle pattern and move above the 200-day moving average that signaled a resumption of the uptrend. However, XRP got overbought with an RSI above 75 as it reached the $0.68 resistance zone, leading to some profit-taking and a pullback.</p>
<p>This pullback could provide a swing entry opportunity for traders, with upside potential to $0.92, which was the July peak.</p>
<p>The momentum indicators are showing some mixed signals currently. The MACD line is below the signal line, which is bearish. But the RSI is around 50, which is neutral.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-307-1024x573.png" alt="" class="wp-image-375967" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-307-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-307-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-307-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-307-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-307-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-307-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-307-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-307-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-307-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-307.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<p>In terms of support and resistance, the nearest support zone for XRP is around $0.55, then $0.45 below that. On the upside, the first resistance level is the $0.68 zone XRP just failed to break, followed by the $0.92 level.</p>
<p>Overall, analysts remain cautiously bullish on XRP despite the recent resistance. As long as XRP holds support around $0.6131, the uptrend could continue with potential for a retest of $0.68. Breaking above $0.68 could see further gains toward the next target of $0.92. Traders may look for a swing entry on pullbacks in anticipation of further upside.</p>
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<p>The post <a href="https://captainaltcoin.com/is-ripples-xrp-gearing-up-for-a-run-at-1-05-technical-analysts-see-very-short-term-upside/" rel="noopener noreferrer nofollow">Is Ripple’s XRP Gearing Up for a Run at $1.05? Technical Analysts See ‘Very Short-Term’ Upside</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Is Ripple’s XRP Gearing Up for a Run at $1.05? Technical Analysts See ‘Very Short-Term’ Upside

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