bullish

Daily

<p>Ripple recently experienced a surge in buying activity and a subsequent increase toward the $0.6 threshold, but upward momentum has stalled, leading to a slight sideways consolidation.</p>
<p>Nevertheless, XRP is confined within the crucial $0.55-$0.64 range, signaling a likely short-term continuation of this consolidation.</p>
<h2 id="xrp-analysis">XRP Analysis</h2>
<p>By <a href="https://www.linkedin.com/in/shayan-navabi-522107248/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Shayan</a></p>
<h3 id="the-daily-chart">The Daily Chart</h3>
<p>On the daily chart, Ripple has formed an ascending wedge pattern with higher highs and lows. After a strong wave of buying near the wedge’s lower boundary, which aligns with the $0.5 support zone, the asset surged to the $0.6 mark. However, the price hit resistance at this level and has shifted into a sideways consolidation.</p>
<p>Currently, Ripple is confined within a key price range, with resistance at $0.64, which has repeatedly rejected upward moves, and dynamic support at the wedge’s lower boundary, currently around $0.55.</p>
<p>A breakout from this range will provide clearer signals for Ripple’s mid-term trend direction. If buyers reclaim the $0.64 resistance, it could trigger a short-squeeze, propelling the price above the wedge’s upper boundary and potentially marking a significant shift toward bullish sentiment.<a href="https://cryptopotato.com/wp-content/uploads/2024/09/XRP-D-2-1-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></p>
<h3 id="the-4-hour-chart">The 4-Hour Chart</h3>
<p>On the 4-hour chart, XRP has been consolidating within a bullish flag pattern, with recent support found near the $0.5 level and the 0.5 Fibonacci retracement at $0.52. This support fueled a surge, but the price has stalled at the flag’s upper boundary at $0.6, signaling strong selling pressure at this level.</p>
<p>Ripple is consolidating just below the $0.6 mark, reflecting the ongoing battle between buyers and sellers. If buyers break above this boundary, the critical $0.64 resistance will be the next target. Conversely, a rejection at this level could push Ripple back toward the lower threshold of the flag pattern, near the $0.55 support region.</p>
<p><a href="https://cryptopotato.com/wp-content/uploads/2024/09/XRP-4H-2-1-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="aligncenter size-full wp-image-362171" src="https://cryptopotato.com/wp-content/uploads/2024/09/XRP-4H-2-1-scaled.jpg" alt="" width="2560" height="1307" srcset="https://cryptopotato.com/wp-content/uploads/2024/09/XRP-4H-2-1-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/09/XRP-4H-2-1-300x153.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/09/XRP-4H-2-1-1024x523.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/09/XRP-4H-2-1-768x392.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/09/XRP-4H-2-1-1536x784.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/09/XRP-4H-2-1-2048x1046.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/09/XRP-4H-2-1-50x26.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a></p>
<p>The post <a href="https://cryptopotato.com/ripple-price-analysis-xrp-could-see-massive-bull-run-if-it-breaks-above-this-level/" rel="noopener noreferrer nofollow">Ripple Price Analysis: XRP Could See Massive Bull Run if it Breaks Above This Level</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple Price Analysis: XRP Could See Massive Bull Run if it Breaks Above This Level

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