<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" title="Coingabbar Price Analysis" class="f-link">Coingabbar Price Analysis</a>, XRP currently exhibits a Symmetrical Triangle Pattern on the daily chart. </li> 
 <li> The relatively flat 20-and-50-day EMA suggests short-term sideways movement. </li> 
 <li> On the daily chart, a robust support zone forms with the 100-day and 200-day moving averages, along with the lower wedge boundary. </li> 
 <li> A recent golden cross, where the 100-day moving average surpasses the 200-day moving average, signals a positive long-term outlook for <a href="https://www.coingabbar.com/en/crypto-currency/ripple-xrp-prices-usd" title="Ripple" class="f-link">Ripple</a>. </li> 
 <li> A more in-depth analysis of the 4-hour chart emphasizes a significant support area ranging from the critical $0.61 to $0.58 levels of the Fibonacci retracement. </li> 
 <li> This range acts as a sturdy defense against sellers attempting to lower the price, contributing to the expansion of Ripple’s sideways consolidation phase. </li> 
 <li> A potential upswing in prices may initiate with the commencement of a new rally, contingent upon a daily closure surpassing the resistance level at $0.650. </li> 
 <li> The lingering question revolves around whether the ongoing consolidation phase will persist or if a breakout is imminent.</li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $0.6450-$0.6750 
SUPPORT LEVEL : $0.6000-$0.5700 
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

XRP Puzzles: Is it Consolidation or a Breakout in the Cards

Coingabbar

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