bullish

Show

Dogecoin

<p>In a YouTube video, crypto analyst Cheeky Crypto analyzed <a href="https://captainaltcoin.com/xrp-price-eyes-key-0-6044-resistance-1-run-could-follow/" target="_blank" rel="noopener noreferrer nofollow">Ripple’s XRP</a>. The video covered both short-term and medium-term price outlooks, focusing on recent volatility.&nbsp;</p>
<p>Moreover, it also touched on wave patterns, resistance levels, and moving averages to help traders understand potential market movements.</p>
<h2 class="wp-block-heading" id="strong-xrp-s-volatility-and-market-liquidations-strong"><strong>XRP’s Volatility and Market Liquidations</strong></h2>
<p><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> experienced notable volatility recently, with shifts in both directions leading to liquidations of long and short positions. Cheeky Crypto noted that these liquidations create opportunities for informed traders to capitalize on price movements.&nbsp;</p>
<p>Furthermore, the analyst explained that this type of volatility signals a tense market. This is where both bullish and bearish scenarios remain possible, depending on key technical factors.</p>
<p>Despite recent movements, XRP is tracking what the analyst identifies as a fifth wave movement in Elliott Wave theory, aiming for a modest gain between 3% and 5%. The target range is set between $0.615 and $0.624. However, there is a possibility of further downside before this wave completes.</p>
<h2 class="wp-block-heading" id="strong-key-technical-analysis-and-price-levels-strong"><strong>Key Technical Analysis and Price Levels</strong></h2>
<p>Cheeky Crypto discussed a diagonal wave pattern, differing from the traditional impulsive waves. According to the analysis, XRP may still be within its fourth wave, signaling additional downward pressure before the <a href="https://cryptopotato.com/ripple-xrp-headed-for-a-parabolic-explosion-analysts-chip-in/" target="_blank" rel="noopener noreferrer nofollow">anticipated upward move</a>.&nbsp;</p>
<p>The expert also highlighted the resistance zone between $0.5919 and $0.594, with historical data suggesting these levels could lead to a correction. The video emphasized the importance of watching the 200 EMA, which acts as a critical support level.&nbsp;</p>
<p>Meanwhile, a break below the 50 EMA could signal further downside. Momentum indicators, such as the RSI, indicate overbought conditions, which suggests that short-term downward pressure may continue.</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 450K 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>
<h2 class="wp-block-heading" id="strong-potential-scenarios-and-predictions-strong"><strong>Potential Scenarios and Predictions</strong></h2>
<p>The near-term outlook leans bearish, with Cheeky Crypto identifying $0.57 as a key support level. Should this level fail, XRP might experience an even further drop to $0.46.&nbsp;</p>
<p>The video also covered a medium-term positive scenario, whereby<a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow"> XRP price would rise</a> to $0.75 to $0.85. This could be possible if the token breaks through key resistance and momentum indicators reset.</p>
<p>Despite the immediate bearish outlook, the video reassured traders that XRP’s medium-term potential remains intact, with key technical indicators suggesting room for future growth.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/sui-network-breaks-900-million-in-tvl-as-sui-price-explodes/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Sui Network Breaks $900 Million in TVL as SUI Price Explodes</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-where-is-xrp-headed-strong"><strong>Where is XRP Headed?</strong></h2>
<p>While the short-term analysis predicts further downside, Cheeky Crypto differentiated between short-term movements and medium-term prospects. He explained that the current corrective pattern may offer a temporary dip before XRP targets higher levels.&nbsp;</p>
<p>According to the analysis, if XRP can hold above its support zones and break through key resistance, it could trigger a move toward the $0.75 to $0.85 range.</p>
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"><iframe loading="lazy" title="Ripple XRP Update: Did XRP turn BULLISH?" width="840" height="473" src="https://www.youtube.com/embed/XJPmaa98Wkk?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
 </div>
</figure>
<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/youtuber-updates-ripple-xrp-outlook-has-xrp-price-just-turned-bullish/" rel="noopener noreferrer nofollow">YouTuber Updates Ripple (XRP) Outlook – Has XRP Price Just Turned Bullish?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

YouTuber Updates Ripple (XRP) Outlook – Has XRP Price Just Turned Bullish?

Table of Contents

CaptainAltcoin

Other articles published on Sep 23, 2024

Stern Bitcoin Critic Peter Schiff Urged to Buy SHIB

Hamster Kombat Announces Details of Airdrop, 2.3M Accounts Banned for Cheating

Bittensor Price Climbs to $558; Analyst Predicts $560 Target

BENQI Coin Gains Traction with DeFi Users

Robert Kiyosaki Predicts Trump Victory

Top 5 Cryptos Under $0.03 Primed for a Massive 20,000% Gain by 2024!

Join our free newsletter for daily crypto updates!