Token

<p>Cilinix Crypto discussed the potential for Ripple’s XRP to experience a price surge based on both technical and fundamental metrics. The analysis was made in a 4-minute-long YouTube video. </p> 
<p>The analyst noted that the <a href="https://captainaltcoin.com/youtuber-updates-ripple-xrp-outlook-has-xrp-price-just-turned-bullish/" target="_blank">XRP price experienced a breakout </a>on Sunday, surpassing a crucial trendline. This breakout was particularly notable as it occurred on a higher time frame—the three-day chart—where trendlines generally hold more weight in technical analysis.</p> 
<figure class="wp-block-image aligncenter size-large">
 <img loading="lazy" decoding="async" width="1024" height="574" src="https://captainaltcoin.com/wp-content/uploads/2024/09/image-550-1024x574.png" alt="" class="wp-image-559211" srcset="https://captainaltcoin.com/wp-content/uploads/2024/09/image-550-1024x574.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-550-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-550-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-550-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-550-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-550-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-550-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-550-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-550-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/09/image-550.png 1155w" sizes="(max-width: 1024px) 100vw, 1024px">
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  <em><strong> Source: Cilinix Crypto/ YouTube</strong></em>
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</figure> 
<p>He explained that trendlines respected over longer periods tend to be reliable indicators. However, the analyst cautioned viewers about the reliability of weekend breakouts, noting that the market is often more susceptible to manipulation and lower trading volumes during this time.</p> 
<p>Although the <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a> price broke the trendline, it struggled to maintain this upward momentum after Sunday. The analyst pointed out that following the breakout, there was a notable buy event marked by an increase in open interest and positive Cumulative Volume Delta (CVD). </p> 
<p>He expressed concerns about potential manipulation, suggesting that while XRP’s price initially rose, larger buyers might have sold off gradually for minor profits, leaving retail investors at a disadvantage—a classic scenario of market manipulation</p> 
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/can-sui-price-replicate-solana-sol-last-150x-rally-as-bullish-metrics-rise/" target="_blank">Can SUI Price Replicate Solana (SOL) Last 150x Rally as Bullish Metrics Rise?</a></em></strong></p>  
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<h2 class="wp-block-heading" id="0-6-the-crucial-psychological-and-technical-level">$0.6: The Crucial Psychological and Technical Level </h2> 
<p>Despite the setback, the analyst maintained a bullish outlook on XRP. He observed some new momentum earlier in the day, which he deemed more sustainable compared to the previous spike. </p> 
<p>He emphasized that a significant breakout would require XRP to consistently trade above the $0.6 mark, which he identified as a crucial psychological and technical level. For XRP to continue its upward trajectory, breaking this level with sustained momentum is essential.</p> 
<p>At press time, Ripple’s token is trading slightly below this crucial level, at $0.588.</p> 
<figure class="wp-block-embed is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio">
 <div class="wp-block-embed__wrapper"> <iframe loading="lazy" title="WHY XRP CAN PUMP SOON!🚨 | RIPPLE (XRP) PRICE PREDICTION &amp; NEWS 2024!" width="840" height="473" src="https://www.youtube.com/embed/4jejc5Z-nKw?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe> 
 </div>
 <figcaption class="wp-element-caption">
  <em> WHY XRP CAN PUMP SOON!<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> | RIPPLE (XRP) PRICE PREDICTION &amp; NEWS 2024!</em>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="fundamental-catalysts-for-a-bullish-move">Fundamental Catalysts for a Bullish Move</h2> 
<p>The analyst identified two key fundamental catalysts that could drive XRP’s price up soon</p> 
<p><strong>Ripple Stablecoin: </strong><a href="https://www.aa.com.tr/en/economy/ripple-starts-testing-its-stablecoin-on-xrp-ledger-ethereum/3300143" target="_blank" rel="nofollow">Ripple’s development of a stablecoin</a> could provide some positive momentum for XRP. While the analyst acknowledged that the impact might be limited, it remains a favorable development.</p> 
<p><strong>SEC Appeal Deadline: </strong>The approaching deadline of <a href="https://dailycoin.com/ripples-fate-looms-as-sec-flirts-with-october-appeal-deadline/" target="_blank" rel="nofollow">October 6th for the SEC appeal </a>is the most significant factor at play. The analyst noted that while the SEC could still appeal, the longer it takes for them to do so, the less likely that scenario becomes. </p> 
<p>He mentioned that Ripple recently moved funds into an interest-bearing account, which could indicate preparation for a potential appeal, though he personally doubts this is the most probable outcome.</p> 
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="nofollow">FREE Telegram group.</a></strong></em></p> 
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<p>The post <a href="https://captainaltcoin.com/key-technical-and-fundamental-indicators-suggest-potential-surge-for-ripple-watch-this-xrp-price-level-closely/">Watch This XRP Price Level Closely as Indicators Suggest Potential Surge for Ripple’s Token</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Watch This XRP Price Level Closely as Indicators Suggest Potential Surge for Ripple’s Token

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