Dogecoin

bullish

2024

Gains

<p><a href="https://captainaltcoin.com/is-xrp-price-on-the-verge-of-a-300-breakout-symmetrical-triangle-suggests-big-move/" target="_blank" rel="noopener noreferrer nofollow">XRP has shown strong bullish momentum</a>, following a local low a few days ago as per analysis by Lucky Chart Ape. This uptrend is particularly noticeable in the XRP/USDT perpetual contract on the 30-minute chart.&nbsp;</p>
<p>The price of <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> has formed a series of higher highs and higher lows as it continues its upward trajectory. The current price uptrend puts the price range within an ascending channel with traders currently eyeing the 38.2% Fibonnacci retracement level.&nbsp;&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> has been in a strong local uptrend since these lows a couple days ago. Although some deeper pullbacks would look interesting as-well. I am personally interested in looking for some tight invalidation adds to me longs taking out a bit of this trendline liquidity into the… <a href="https://t.co/5kUkG8zwLR" target="_blank" rel="noopener noreferrer nofollow">https://t.co/5kUkG8zwLR</a> <a href="https://t.co/7ATJGmsDHL" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/7ATJGmsDHL</a></p>— Lucky Chart Ape (@luckychartape) <a href="https://twitter.com/luckychartape/status/1835154174088298614?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>This level is around $0.5780, as a critical support area. This level represents a shallow pullback, which could serve as a foundation for the next upward move.</p>
<h2 class="wp-block-heading" id="strong-key-support-and-resistance-levels-to-watch-strong"><strong>Key Support and Resistance Levels to Watch</strong></h2>
<p>Besides the 38.2% level, other significant support levels include the 61.8% Fibonacci retracement at $0.5761 and the 100% retracement at $0.5539. If XRP faces stronger selling pressure, these levels could offer a cushion to the downside.&nbsp;</p>
<p>However, the current sentiment favors a continued uptrend, with the shallow pullback scenario likely to play out if the 38.2% level holds.</p>
<p>Moreover, resistance levels are also key to understanding the next potential moves. Immediate resistance is located at $0.5932, just above the current price level.&nbsp;</p>
<p>Breaking through this resistance could lead to further bullish momentum, pushing the price toward the upper resistance zone between $0.5952 and $0.5991. These levels may attract sellers, but if buying pressure remains strong, <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="noopener noreferrer nofollow">XRP could break</a> through and extend its upward movement.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 300K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also:</em></strong><a href="https://captainaltcoin.com/robert-kiyosaki-predicts-bitcoin-price-is-about-to-explode-here-are-his-reasons/" target="_blank" rel="noopener noreferrer nofollow"><strong><em> Robert Kiyosaki Predicts Bitcoin Price Is About To ‘Explode’ – Here Are His Reasons</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-sentiment-and-its-impact-on-price-action-strong"><strong>Market Sentiment and Its Impact on Price Action</strong></h2>
<p>Additionally, market sentiment plays a key role in shaping <a href="https://www.coingecko.com/en/coins/xrp" target="_blank" rel="noopener noreferrer nofollow">XRP’s price action</a>. The weighted sentiment and social dominance of XRP have shown a strong correlation with price swings.&nbsp;</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="564" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-241-1024x564.png" alt="" class="wp-image-554939" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-241-1024x564.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-241-300x165.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-241-766x422.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-241-1536x846.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-241-2048x1128.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-241-272x150.png 272w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-241-100x55.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-241-636x350.png 636w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-241-788x433.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-241.png 1117w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Source: <a href="https://app.santiment.net/charts?settings=%7B%22slug%22%3A%22xrp%22%2C%22ticker%22%3A%22XRP%22%2C%22from%22%3A%222024-03-15T20%3A59%3A59.241Z%22%2C%22to%22%3A%222024-09-15T20%3A59%3A59.241Z%22%7D&amp;widgets=%5B%7B%22widget%22%3A%22ChartWidget%22%2C%22wm%22%3A%5B%22price_usd%22%2C%22social_dominance_total%22%2C%22sentiment_volume_consumed_total%22%5D%2C%22whm%22%3A%5B%5D%2C%22wax%22%3A%5B0%2C1%2C2%5D%2C%22wpax%22%3A%5B%5D%2C%22wc%22%3A%5B%22%2326C953%22%2C%22%23FF5B5B%22%2C%22%23FFCB47%22%5D%2C%22ws%22%3A%7B%221%22%3A%7B%22interval%22%3A%221d%22%7D%2C%222%22%3A%7B%22interval%22%3A%221d%22%7D%7D%7D%5D" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>
 </figcaption>
</figure>
<p>Positive sentiment spikes often coincide with price increases, especially during periods of high social activity. This suggests that a continued positive sentiment may support the ongoing uptrend.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/xrp-targets-key-price-level-amid-bullish-momentum-can-it-break-resistance/" rel="noopener noreferrer nofollow">XRP Targets Key Price Level Amid Bullish Momentum: Can It Break Resistance?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

XRP Targets Key Price Level Amid Bullish Momentum: Can It Break Resistance?

Table of Contents

CaptainAltcoin

Other articles published on Sep 15, 2024

2024’s Top 5 Crypto Picks for Massive Returns – Experts Bet on Rising Stars Like DOGS, CYBRO, And…

Beware: Mega Dice ($DICE) Token Presale Might Be a Scam! Don’t Be Fooled by $SHIB, $DOGE, $SUNDOG...

Analyst Benjamin Cowen Predicts Tough Times for Altcoins in 2024

Analysts Predict Bitcoin Prices to Surge

Bitcoin Price Flirts With $60K as Weekly Gains Surpass 10% (Market Watch)

Pepe Cuts Rates (PEPERATE) Solana Memecoin Will Surge 17,000% Before Exchange Listings, While Shi...

Join our free newsletter for daily crypto updates!