Daily

<p class="p1" style="text-align: justify">Technical analysis is an essential tool for investors in the cryptocurrency <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a>, especially those trading in the futures market. So, what does technical analysis tell us about <a href="https://en.coin-turk.com/the-current-state-of-xrp-coin-will-xrp-coin-rise-xrp-coin-analysis/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a>, which is currently trading at $0.6178? Let’s delve into a detailed chart analysis, examining important support and resistance levels.</p>
<h2 class="p1" style="text-align: justify" id="daily-chart-analysis-for-ripple">Daily Chart Analysis for Ripple</h2>
<p class="p1" style="text-align: justify">The most crucial formation to watch on the daily chart for Ripple is the ascending channel formation. During the rally on November 14, <a href="https://en.coin-turk.com/will-xrp-rise-when-will-xrp-coin-reach-1/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a> encountered a significant resistance line and faced a significant correction. In the process, XRP has been consolidating in a narrow range in recent bar closings, waiting for a breakout in either direction to determine the trend.</p>
<p class="p1" style="text-align: justify">The most important support levels to watch for Ripple on the daily chart are $0.6039, $0.5863, and $0.5594, respectively. If the daily bar closes below the intersection of EMA 200 (red line) and the $0.5594 level, it could lead to significant selling pressure for XRP.</p>
<p class="p1" style="text-align: justify">The most important resistance levels for Ripple on the daily chart are $0.6290, $0.6500, and $0.6717, respectively. If the daily bar closes above the significant barrier at $0.6290, it could propel XRP to gain momentum.</p>
<p><img decoding="async" class="aligncenter wp-image-281228 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/ripple-gunluk-grafik.png" alt="" width="2433" height="1227"></p>
<h2 class="p1" style="text-align: justify" id="two-hour-chart-analysis-for-ripple">Two-Hour Chart Analysis for Ripple</h2>
<p class="p1" style="text-align: justify">The descending channel formation stands out in the two-hour chart analysis for Ripple. Despite a significant breakout during the rally on November 14, the formation remained as a mere spike, highlighting its importance. After attempting a breakout, XRP faced selling pressure following a failed breakout attempt.</p>
<p class="p1" style="text-align: justify">The most important support levels to watch for XRP on the two-hour chart are $0.6132, $0.6021, and $0.5919, respectively. If the bar closes below the key support line at $0.6132, it could lead to selling pressure for XRP.</p>
<p class="p1" style="text-align: justify">The most important resistance levels to watch for XRP on the two-hour chart are $0.6259, $0.6370, and $0.6529, respectively. If XRP breaks above the significant barrier at $0.6370, it could accelerate its upward momentum.</p>
<p><img decoding="async" class="aligncenter wp-image-281230 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/xrp-2s-grafik-1.png" alt="" width="2549" height="1251"></p> Continue Reading: <a href="https://en.coin-turk.com/ripple-technical-analysis-important-levels-to-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/ripple-technical-analysis-important-levels-to-watch/</a>

Ripple Technical Analysis: Important Levels to Watch

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