Resistance

Daily

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripples-price-surge-breaks-key-resistance-level/" data-wpel-link="internal">Ripple’s Price Surge Breaks Key Resistance Level</a><br></p>
<p class="p1" style="text-align: justify"><strong><a href="https://coin-turk.com/kripto-para-piyasasinda-kanli-sabah-btc-eth-ve-xrpde-son-durum" data-wpel-link="internal">Ripple</a>‘s</strong> recent price movement has notably become extremely volatile, especially after breaking above the upper trend line of a horizontal triangle formation and reaching the critical resistance level of $0.66. This situation indicates a significant battle between buyers and sellers that will largely determine <a href="https://en.coin-turk.com/ripple-ceo-announces-plan-to-fight-sec-lawsuit-xrp-price-stabilizes/" data-wpel-link="internal">Ripple</a>‘s future path. So, what can we expect in the coming period? Let’s examine together.</p> 
<h2 class="p1" style="text-align: justify" id="daily-xrp-chart-analysis">Daily XRP Chart Analysis</h2> 
<p class="p1" style="text-align: justify">When examining the daily chart, it is evident that Ripple’s price increase has surpassed a significant resistance area represented by the dynamic upper boundary of the triangle formation. Subsequently, the price extended its upward movement towards the important resistance level of $0.66, increasing the expectation of a potential breakout.</p> 
<p class="p1" style="text-align: justify">However, upon reaching the decisive $0.66 region, increased selling pressure emerged, resulting in a notable rejection that pushed the price back within the boundaries of the broken triangle. This led to increased volatility around the significant support area of the 100-day moving average, with notable volatility occurring around this critical threshold.</p> 
<p class="p1" style="text-align: justify">Despite these challenges, the dominant market sentiment and optimistic outlook in the cryptocurrency industry suggest that Ripple’s price may initiate an increase aiming to surpass the critical resistance of $0.66. This could potentially trigger a strong bullish rally targeting the significant resistance level of $0.80.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-323964 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/xrp-yorum.jpg" alt="" width="2560" height="1307"></p> 
<h2 class="p1" style="text-align: justify" id="four-hour-xrp-chart-analysis">Four-Hour XRP Chart Analysis</h2> 
<p class="p1" style="text-align: justify">A closer look at the four-hour chart reveals a notable price increase following a consolidation phase at the $0.53 level, reaching a significant resistance area around $0.66. However, the presence of a substantial supply at this resistance area led to a significant rejection, causing a 19% drop towards the lower trend line of the triangle.</p> 
<p class="p1" style="text-align: justify">Despite this setback, <a href="https://en.coin-turk.com/ripple-faces-uncertainty-following-recent-statements-by-congress-members/" data-wpel-link="internal">XRP</a> found support at this crucial level, leading to a new price increase that once again surpassed the triangle’s upper boundary. Nevertheless, XRP’s price will likely remain confined between the dynamic 100-day moving average and the $0.66 resistance level, indicating the potential for prolonged consolidation within this important range until a breakout occurs.</p> 
<p class="p1" style="text-align: justify">The next focal point for Ripple’s price trajectory will be a breakout above the $0.66 threshold, which will shift attention towards the $0.80 resistance level.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-323963 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/xrp-4s.jpg" alt="" width="2560" height="1307"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ripples-price-surge-breaks-key-resistance-level/" data-wpel-link="internal">Ripple’s Price Surge Breaks Key Resistance Level</a></h5>

Ripple’s Price Surge Breaks Key Resistance Level

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