Resistance

Coin

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   Dec 15, 2023 at 09:58 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 </div> <img class="page-news__main-pic lazy-load-detail-picture" src="https://coinidol.comdata:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mNkYAAAAAYAAjCB0C8AAAAASUVORK5CYII=" data-lazy-src="https://coinidol.com/upload/resize_cache/iblock/8ce/900_900_1/3fsvk8iv2cdpjamdv6plethl5inwwy9e.jpg" width="900" height="563" alt="" title="">
 <p><strong>Ripple (XRP) coin shows the resistance for the upward movement is at the high of $0.63. Price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> by Coinidol.com.</strong></p>
 <h2 style="text-align: justify;" id="xrp-price-long-term-forecast-bullish">XRP price long-term forecast: bullish</h2>
 <p style="text-align: justify;">The Ripple coin is currently hitting first resistance at $0.63. The high at $0.69 is likely to be another obstacle to the positive momentum. The altcoin encountered resistance at its high of $0.69 on December 9 and fell below the moving average lines to a low of $0.59. By buying the losses, the bulls were able to continue their uptrend.&nbsp;</p>
 <p style="text-align: justify;">On the upside, the market will rally to the highs of $0.75 and $0.85 if the buyers overcome the current resistances. However, XRP will fall if the bears break the moving average lines. The market is expected to fall by $0.58.</p>
 <h2 style="text-align: justify;" id="xrp-indicator-analysis">XRP indicator analysis</h2>
 <p style="text-align: justify;">The price of the altcoin falls above the moving average lines. XRP will rise if the price bars remain above the 21-day SMA. The cryptocurrency will fall if the bears break below the moving average lines. The moving average lines are still horizontal, indicating that the trend is sideways.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators:</h3>
 <p style="text-align: justify;"><b>Key resistance levels – $0.80 and $1.00</b></p>
 <p style="text-align: justify;"><b>Key support levels – $0.40 and $0.20</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="XRPUSD_ (Daily Chart) – Dec. 15.jpg" src="https://cdn.thebittimes.com/images/2023/12/15/c8c1b4bea2be35f8004b9f9c8d6a390d.webp" height="491" title="XRPUSD_ (Daily Chart) – Dec. 15, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-xrp">What is the next move for XRP?</h2>
 <p style="text-align: justify;">The cryptocurrency is currently trading in a positive trend zone. The price of the cryptocurrency is above the moving average lines and the support of $0.63. The cryptocurrency's trend will be determined by where the pendulum swings. Long candlestick tails below the moving average lines signal strong buying at lower price levels.</p>
 <p style="text-align: justify;">On December 8, Coinidol.com reported that during the recent price activity, the cryptocurrency was trapped between the moving average lines.&nbsp;&nbsp;</p>
 <p style="text-align: justify;"><img width="1024" alt="XRPUSD_ (4-hour Chart) – Dec. 15.jpg" src="https://cdn.thebittimes.com/images/2023/12/15/dbcd71cebe24f84e979f43dbd353c782.webp" height="491" title="XRPUSD_ (4-hour Chart) – Dec. 15, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do the research before investing in funds.</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ripple-coin-recovers-but-encounters-resistance-at-0-63-tbt73809.html">https://thebittimes.com/ripple-coin-recovers-but-encounters-resistance-at-0-63-tbt73809.html</a></p>

Ripple Coin Recovers, But Encounters Resistance At $0.63

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TheBitTimes

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