Strong

Coin

<ul class="news-points"> 
 <li>Ripple (XRP) attempted to overcome a key resistance level but was rejected by the key price mark.</li> 
 <li>A breakout pattern had formed on XRP’s 2-hour chart over the past 48 hours.</li> 
 <li>At press time, XRP was changing hands at $0.5048 following a 0.93% 24-hour loss.</li> 
</ul> 
The price of <a href="https://coinedition.com/tag/ripple-xrp/" rel="noopener noreferrer nofollow">Ripple (XRP)</a> attempted to flip a resistance level over the past 24 hours. However, the altcoin’s price was rejected by the significant price point. Consequently, the remittance token’s price lost the support of a key level throughout the past day of trading – resulting in the formation of a noteworthy pattern on XRP’s daily chart. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
 <img decoding="async" width="618" height="284" src="https://coinedition.com/wp-content/uploads/2023/09/Xrp-33.png" alt="" class="wp-image-337999" srcset="https://coinedition.com/wp-content/uploads/2023/09/Xrp-33.png 618w, https://coinedition.com/wp-content/uploads/2023/09/Xrp-33-300x138.png 300w, https://coinedition.com/wp-content/uploads/2023/09/Xrp-33-380x175.png 380w, https://coinedition.com/wp-content/uploads/2023/09/Xrp-33-159x73.png 159w, https://coinedition.com/wp-content/uploads/2023/09/Xrp-33-440x202.png 440w, https://coinedition.com/wp-content/uploads/2023/09/Xrp-33-414x190.png 414w, https://coinedition.com/wp-content/uploads/2023/09/Xrp-33-326x150.png 326w, https://coinedition.com/wp-content/uploads/2023/09/Xrp-33-377x173.png 377w, https://coinedition.com/wp-content/uploads/2023/09/Xrp-33-123x57.png 123w, https://coinedition.com/wp-content/uploads/2023/09/Xrp-33-129x59.png 129w" sizes="(max-width: 618px) 100vw, 618px"> 
 <figcaption class="wp-element-caption"> 2-hour chart for XRP/USDT (Source: <a href="https://www.tradingview.com/x/Y3J2cIVa/" target="_blank" rel="noopener noreferrer nofollow">TradingView</a>) 
 </figcaption> 
 </figure> 
</div> 
XRP’s price had attempted to overcome the $0.5170 resistance level yesterday, but was rejected by the key price point. As a result, the cryptocurrency’s price entered into a bearish move – causing it to breach the $0.5090 support level. At press time, it continued to trade below this mark. 
As a result of the recent price movements, a symmetrical triangle pattern had formed on XRP’s 2-hour chart over the past 48 hours. This chart pattern suggested that the remittance token’s price may breakout within th… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/xrp-could-enter-into-a-strong-move-as-breakout-pattern-emerges/">XRP Could Enter Into a Strong Move as Breakout Pattern Emerges</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

XRP Could Enter Into a Strong Move as Breakout Pattern Emerges

Coin Edition

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