Convergence

Resistance

Divergence

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-price-analysis-key-resistance-levels-and-trends/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Price Analysis: Key Resistance Levels and Trends</a><br></p>
<p style="text-align: justify"><strong><a href="https://coin-turk.com/guncel-ripple-analizi-xpr-grafik-incelemesi-ve-onemli-seviyeler" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a>‘s (<a href="https://en.coin-turk.com/xrp-price-decline-whats-behind-it-and-current-status/" data-wpel-link="internal" rel="noopener noreferrer nofollow">XRP</a>)</strong> price recently encountered resistance at the $0.65 golden ratio level, indicating a potential challenging period ahead for its price trajectory.</p>
<h2 id="ripple-faces-critical-resistance">Ripple Faces Critical Resistance</h2>
<p style="text-align: justify">In the past few days, the XRP price approached its critical resistance of $0.65 but faced a downtrend after several unsuccessful breakout attempts. Consequently, XRP retreated to find support at the $0.55 level, where it began to show an upward trend. The daily chart reveals a bullish crossover, suggesting a short to medium-term uptrend, while the Moving Average Convergence Divergence (MACD) lines continue to rise. However, the Relative Strength Index (RSI) remains neutral, and the MACD histogram has shown a downtrend since yesterday.</p>
<p style="text-align: justify">Experts suggest that on XRP’s 4-hour chart, despite the MACD lines indicating a downtrend, a golden crossover confirms a short-term uptrend. The RSI stays neutral, and the MACD histogram indicates rising momentum. Yet, XRP is facing resistance around $0.608 at the 50-4 hour EMA, which could hinder its progress. As a result, XRP may need to retreat to the golden ratio support near $0.55 until it can successfully clear the $0.65 resistance.</p>
<p><img loading="lazy" decoding="async" loading="lazy" class="size-full wp-image-324276 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/riiple.png" alt="" width="850" height="454"></p>
<h2 id="ripple-price-analysis">Ripple Price Analysis</h2>
<p style="text-align: justify">According to experts, XRP’s weekly chart indicates a mid-term bullish trend with a golden crossover, supported by an uptrend in the MACD histogram. While the MACD lines are on the verge of an uptrend, the RSI continues to be neutral. A break above the $0.65 level could lead XRP to an important Fibonacci resistance at $0.75 and potentially higher resistance at $0.923. Conversely, if XRP pulls back, it could find support near the golden ratio at $0.54, where the 50-week EMA is also located.</p>
<p style="text-align: justify">On the monthly chart, XRP indicators lean towards an uptrend with a neutral RSI and rising MACD lines, accompanied by an uptrend in the MACD histogram. This upward movement has been ongoing for months, but XRP has not yet triggered a definitive bullish reversal. Breaking the resistance around the $1.35 level could be crucial to achieving this. <a href="https://en.coin-turk.com/xrp-price-analysis-and-market-outlook/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple</a>‘s price is experiencing a notable downtrend against <a href="https://en.coin-turk.com/bitcoin-mega-rise-call-135-percent/" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>, and the next significant support level for the altcoin price is estimated to be around 0.0000062 BTC.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ripple-price-analysis-key-resistance-levels-and-trends/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ripple Price Analysis: Key Resistance Levels and Trends</a></h5>

Ripple Price Analysis: Key Resistance Levels and Trends

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