Satoshi

Prime

Resistance

Maximus

<p><a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP</a>, the native cryptocurrency of the Ripple network, has been experiencing a mix of bullish and bearish signals in recent days. While some analysts remain optimistic about the token’s future prospects, others are cautioning that XRP may not be entirely out of the woods just yet.</p>
<h2 class="wp-block-heading" id="rejection-at-symmetrical-trendline">Rejection at Symmetrical Trendline</h2>
<p>Analyst Maximus Prime has noted that XRP recently faced rejection at the symmetrical trendline, a key level of resistance. For the bulls to regain control, <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> needs to fight its way back into the trendline and establish support above it. The 2-week chart presents a bearish outlook, while the daily chart clearly shows the rejection off the trendline.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I wouldn't say <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> is absolutely out of the clear yet. <br><br>Today we saw it get rejected at the Symmetrical trendline. It has to fight its way back into it and hold above/setup. <br><br>The 2 week looks very bearish and the daily shows the rejection off the TL.<br><br>That being said <br>1/2 <a href="https://t.co/v5Es47Qsd4" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/v5Es47Qsd4</a></p>— Maximus Prime (@RalstonMax) <a href="https://twitter.com/RalstonMax/status/1793111549214961835?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">May 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>However, Maximus Prime also points out that the 10 SMA (Simple Moving Average) and 8 EMA (Exponential Moving Average) are crossing above the 20 SMA on the daily chart, indicating that the bulls are making an effort.</p>
<p>A green daily close could be the catalyst needed for XRP to push higher. The analyst suspects that some choppy price action or a pullback may occur before the token can continue its upward trajectory.</p>
<h2 class="wp-block-heading" id="bullish-trajectory-and-pivotal-targets">Bullish Trajectory and Pivotal Targets</h2>
<p>EGRAG Crypto, another analyst, has <a href="https://x.com/egragcrypto/status/1792815012450320465" target="_blank" rel="noopener noreferrer nofollow">highlighted</a> the inclining steps to the upside on the XRP chart, even for those who may not be well-versed in technical analysis.</p>
<p>This bullish pattern suggests a solid trajectory for the token, with the next pivotal target set at $0.75. EGRAG Crypto encourages the XRP Army to remain steady, emphasizing that their time will come. The analyst also expresses a desire for other bag holdings to pump before XRP, allowing for a full rotation into XRP for the grand finale.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="potential-for-a-bullish-breakout">Potential for a Bullish Breakout</h2>
<p>Analyst JAVON MARKS has <a href="https://x.com/JavonTM1/status/1792653689750016430" target="_blank" rel="noopener noreferrer nofollow">identified</a> XRP as nearing a major converging point, with the RSI (Relative Strength Index) pattern indicating underlying momentum in prices. This setup suggests that a bullish breakout is likely.</p>
<p>JAVON MARKS presents a conservative target of $15-$20 for a breakout and logarithmic follow-through, which could result in a 20x to 36x return from current levels, equivalent to a more than 2,000% run.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="624" src="https://captainaltcoin.com/wp-content/uploads/2024/05/image-651-1024x624.png" alt="" class="wp-image-494693" srcset="https://captainaltcoin.com/wp-content/uploads/2024/05/image-651-1024x624.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-651-300x183.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-651-767x467.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-651-1536x935.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-651-2048x1247.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-651-246x150.png 246w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-651-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-651-575x350.png 575w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-651-788x479.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/05/image-651.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The signs for bullishness are present, and the analyst believes that only time may be standing in the way of XRP showcasing its potential.</p>
<p>While the rejection at the symmetrical trendline has raised concerns, the bulls’ efforts to regain control and the potential for a bullish breakout keep the XRP community optimistic.</p>
<p><strong><em>Read more: <a href="https://captainaltcoin.com/top-analyst-says-dot-price-target-is-likely-18-amid-polkadot-2-0-release-and-these-catalysts/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Says DOT Price Target is ‘Likely’ $18 Amid Polkadot 2.0 Release and These Catalysts&nbsp;</a></em></strong></p>
<p><em><strong>Join <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="aethir" href="https://captainaltcoin.com/go/aethir/" data-shortcode="true">Aethir’s exclusive airdrop</a> and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ripple-faces-resistance-at-symmetrical-trendline-but-analyst-forecasts-2000-run-for-xrp-heres-why/" rel="noopener noreferrer nofollow">Ripple Faces Resistance at Symmetrical Trendline, but Analyst Forecasts 2,000% Run for XRP: Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple Faces Resistance at Symmetrical Trendline, but Analyst Forecasts 2,000% Run for XRP: Here’s Why

목차

CaptainAltcoin

2024년 5월 22일에 게재된 다른 기사

Ethereum ETF Approval Unlikely This Week, Says Top Crypto Analyst: 72-Hour Window 'Weird And Almo...

MoonBag Presale Soars: Investors Shift from Pepecoin and Blastup for Long-Term Gains

Shiba Inu Coin Burning Increases by 570% During Rally

Why Is The Crypto Market Up Today?

WisdomTree’s Bitcoin and Ethereum ETPs Approved for London Stock Exchange Listing

Is It Too Late To Buy DEGEN? Degen Price Soars 19% As Farcaster Raises $150 Million And This Game...

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!