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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-faces-critical-market-period/" data-wpel-link="internal">XRP Faces Critical Market Period</a> 
Ripple‘s <a href="https://en.coin-turk.com/whale-alert-massive-ripple-xrp-transaction-fails/" data-wpel-link="internal">XRP</a> is experiencing an uncertain <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> period due to a lack of clear momentum and direction. The popular altcoin’s price recently reached a critical and narrow range, necessitating a breakout for XRP to establish a clear trend. 
<h2 style="text-align: justify" id="strong-daily-time-frame-xrp-chart-analysis-strong">Daily Time Frame XRP Chart Analysis</h2> 
A detailed look at XRP’s daily chart shows that the price is trapped in a critical range with key resistance at $0.55 and significant support at $0.47. This has led to prolonged horizontal price movement. This formation resembles the pattern observed from August to November 2023, before XRP experienced an impulsive rise towards the $0.73 resistance level. During this period, XRP coin showed strength by surpassing both the 100-day and 200-day moving averages. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-358727" src="https://coin-turk.com/wp-content/uploads/2024/06/Ripple-XRP-Grafik-Analiz.jpeg" alt="" width="1532" height="728"> 
Currently, XRP faces a similar formation within the same range and is struggling to surpass a significant resistance zone that includes the upper boundary of the range and the 200-day moving average. If buyers manage to overcome this critical area, it could lead to a sustained uptrend. However, considering the current supply and lack of strong bullish pressure, a short-term rejection seems more likely. 
<h2 style="text-align: justify" id="strong-four-hour-time-frame-xrp-chart-analysis-strong">Four-Hour Time Frame XRP Chart Analysis</h2> 
On the four-hour chart, XRP’s price faces extremely low volatility and market activity, resulting in quiet price movement. This indicates an uncertain market situation regarding XRP’s price trajectory. The price has reached a narrow range bounded by the 0.5 Fibonacci level ($0.5310) and the lower boundary of the rising wedge at $0.51. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-358728" src="https://coin-turk.com/wp-content/uploads/2024/06/XRP-Grafik-Analiz-Yorum.jpeg" alt="" width="1835" height="872"> 
A break below the lower trend line of the formation could lead to a drop towards the static support at $0.48. This scenario suggests that if the price fails to maintain its current range, it may test lower support levels, resulting in a downward correction. 
Conversely, if buyers manage to push the price above the 0.5 Fibonacci level, the next target in the short term would be the 0.618 Fibonacci level ($0.5574). This scenario indicates that a successful breakout above the current resistance levels could lead the altcoin to target higher price levels, initiating a new uptrend. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/xrp-faces-critical-market-period/" data-wpel-link="internal">XRP Faces Critical Market Period</a></h5>

XRP Faces Critical Market Period

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