altFINS

World

Giant

Shiba Inu

<p>The outlook for XRP remains mired in ongoing uncertainty, according to the latest analysis. While long-term base building points to sizable breakout potential, bulls must still navigate significant near-term risks and resistance levels before confirming trend sustainability.</p> 
<h2 class="wp-block-heading" id="strong-multi-year-rangebound-action-converging-strong"><strong>Multi-Year Rangebound Action Converging</strong></h2> 
<p>According to veteran trader <strong><a href="https://twitter.com/traderview2/status/1754181428831482130" target="_blank" rel="noreferrer noopener nofollow">Dom</a></strong>, XRP has traded largely directionless for 500 days now, stuck between key technical levels:</p> 
<p><em>“<a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a> long term update 500 days of higher lows and lower highs $0.45 is the bottom trend, $0.65 is top trend ~4 more months until it ends. This will be a VERY large move. Looking super weak the last few weeks.”</em></p>  
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<p>With the prolonged consolidation approaching its apex limit, expectations stand for an explosive move once the range breaks. However, near-term momentum remains bearishly biased.</p> 
<h2 class="wp-block-heading" id="strong-upside-attempts-require-200-ma-reclaim-strong"><strong>Upside Attempts Require 200-MA Reclaim</strong></h2> 
<p>Indeed, analysis by altFINS shows XRP still struggling beneath its vital 200-day moving average after violating this long-term trend indicator. Only a decisive breakback above $0.60 can begin repairing recent technical damage.</p> 
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<p><em>Source: </em><strong><a class="thirstylink" rel="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>That said, trader <strong>World of Charts</strong> <a href="https://twitter.com/WorldOfCharts1/status/1754036291212034165" target="_blank" rel="noreferrer noopener nofollow">highlights</a> XRP coiling positively in a falling wedge pattern. A bullish upside resolution could set the stage for 75–80 cent retests. But absent a breakout, risks remain skewed lower, according to the data.</p> 
<p>So in essence, while multi-month consolidation patterns signal gathering energy for an impending parabolic move, directional uncertainty persists. </p> 
<p>The 200-day moving average around $0.60 stands guard as the pivotal hurdle for XRP bulls; reclaiming it could unlock Dom’s ambitious targets. Otherwise, bears maintain the upper hand for now, but climax selloff risks mount if weakness persists.</p> 
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<p>The post <a href="https://captainaltcoin.com/why-is-ripples-xrp-price-not-moving-analyst-shares-how-high-it-can-go/">Why is Ripple’s XRP Price Not Moving? Analyst Shares How High It Can Go</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Why is Ripple’s XRP Price Not Moving? Analyst Shares How High It Can Go

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