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<p><a href="https://www.tradingview.com/chart/XRPUSDT/bA2QISBc-XRP-Wait-For-It/" target="_blank" rel="nofollow">According</a> to <strong>TheSignalyst</strong>, <em>“XRP has been overall bearish trading inside the falling channel in red. However it is currently approaching the lower bound of the channel and a strong support at 0.54. As long as the support holds, we will be looking for short-term buy setups on lower timeframes.”</em></p> 
<p>In other words, <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a> has been in a downtrend but could see a short-term bounce if the $0.54 support level holds. <strong>TheSignalyst</strong> is watching smaller time frame charts for buy signals if this support is respected.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="454" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-530-1024x454.png" alt="" class="wp-image-424075" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-530-1024x454.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-530-300x133.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-530-768x340.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-530-1536x680.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-530-2048x907.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-530-339x150.png 339w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-530-100x44.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-530-790x350.png 790w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-530-788x349.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-530.png 1472w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Further, <strong>TheSignalyst</strong> states: <em>“For the bulls to take over from a medium-term perspective, we need a break above the last major high at 0.625. If the 0.54 support is broken downward, we will expect further bearish movement till the 0.5 support where we will be looking for new short-term buy setups.”</em></p> 
<p>So a break back above $0.625 is needed to shift the medium-term outlook to bullish. But if $0.54 is broken, <strong>TheSignalyst</strong> sees downside to $0.50 as the next target before watching for bounce plays.</p> 
<p>Analyzing the same price action, <a href="https://captainaltcoin.com/go/altfins/">altFINS </a>sees XRP trading within a falling price channel and notes that traders may initiate range trades between the channel boundaries. However, a breakout above or below the channel could spark a directional move.</p> 
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 <img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-529-1024x573.png" alt="" class="wp-image-424066" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-529-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-529-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-529-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-529-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-529-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-529-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-529-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-529-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-529-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-529.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>Adding to the analysis, altFINS notes that while broader momentum remains bearish, there are subtle signs it could be bottoming out based on the bullish divergence on the MACD histogram. This suggests upside momentum may return soon.</p>  
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<p>Regarding key levels, altFINS highlights the following support and resistance zones to watch:</p> 
<p><strong>Support:</strong> $0.55 (prior resistance) $0.45</p> 
<p><strong>Resistance:</strong> $0.68 $0.92</p> 
<p>If XRP can hold above support, especially $0.54 as <strong>TheSignalyst</strong> highlighted, both analysts see conditions that could favor a short-term trend reversal. However, the broader downtrend remains intact for now. A break back above resistance would be needed to signal a more lasting bullish shift.</p> 
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<p>The post <a href="https://captainaltcoin.com/ripples-of-hope-xrp-looks-for-bounce-despite-downtrend-heres-the-latest-price-analysis/">Ripples of Hope: XRP Looks For Bounce Despite Downtrend – Here’s The Latest Price Analysis</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ripples of Hope: XRP Looks For Bounce Despite Downtrend – Here’s The Latest Price Analysis

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