Future

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Resistance

Shiba Inu

<ul> 
 <li>XRP’s daily chart witnesses a key resistance breakthrough and subsequent back-test.</li> 
 <li>Movements echo the pattern from July 13th, 2023, hinting at potential parallels.</li> 
 <li>With the next Fibonacci level set at $0.6649, and crucial support at $0.50, XRP’s momentum could drive it towards $0.66 this week.</li> 
</ul> 
<p>In the ever-evolving landscape of the cryptocurrency market, XRP has shown some promising signals on its daily chart recently. The digital currency broke through a significant initial resistance and even back-tested it, showcasing a robust technical posture.</p> 
<p>This momentum is particularly intriguing as it mirrors a similar movement we observed on July 13th, 2023. Such patterns, when repeated, often draw the keen attention of both traders and analysts, attempting to decipher potential outcomes and strategize accordingly.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr">Hi there.<a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRP</a> in the daily chart broke the initial resistance &amp; back-tested it.<br><br>We had a similar move on 13-Jul-23. <br>The next Fibonacci level stands at exactly $0.6649.<br><br>If we don't see XRP below $0.50 support, we expect to hit $0.66 this week.<br><br>Cheers!<a href="https://twitter.com/hashtag/Ripple?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Ripple</a> <a href="https://twitter.com/hashtag/XRPCommunity?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#XRPCommunity</a>… <a href="https://t.co/GSuMx4LxFr" rel="noopener noreferrer nofollow">pic.twitter.com/GSuMx4LxFr</a></p>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1708882859371515918?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 2, 2023</a> 
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<p>Diving deeper into the technical analysis, we see the next crucial Fibonacci level positioned precisely at $0.6649. This level will be a critical one to watch for traders eyeing short-term opportunities.</p> 
<p>However, as with any market predictions, it’s essential to consider potential pitfalls. The $0.50 mark emerges as a significant support level for XRP. As long as the cryptocurrency remains above this threshold, the prospects of it reaching the $0.66 mark this week appear favorable.</p> 
<p>In conclusion, while the volatile nature of cryptocurrencies always demands caution, the current technical indicators for XRP seem optimistic. Traders will undoubtedly be keeping a close watch on its movements in the coming days.</p> 
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</ul> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/xrps-technical-indicators-are-we-heading-towards-0-66-soon/">XRP’s Technical Indicators: Are We Heading Towards $0.66 Soon?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

XRP’s Technical Indicators: Are We Heading Towards $0.66 Soon?

Crypto News Land

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