Bitcoin

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-xrps-price-movement-and-key-levels-to-watch/" data-wpel-link="internal">Insights on XRP’s Price Movement and Key Levels to Watch</a> 
<a href="https://coin-turk.com/musterilerin-900-milyon-dolari-iceride-kaldi-islemlerin-durdugu-borsadan-yeni-aciklama" data-wpel-link="internal">The cryptocurrency</a> market’s upward momentum has slowed down recently, particularly due to developments on the <a href="https://coin-turk.com/tesla-ceosundan-twitter-hackine-ilginc-yaklasim" data-wpel-link="internal">Bitcoin</a> front. In this period, many investors have been taking profits, while others have been altering their investment strategies. As the days count down to the court date, <a href="https://en.coin-turk.com/ripple-and-sec-present-joint-proposal-in-xrp-case/" data-wpel-link="internal">Ripple</a> continues its legal fight with the <a href="https://en.coin-turk.com/crypto-morale-is-low-even-openai-ceo-couldnt-save-the-day-whats-happening-with-btc-and-altcoins/" data-wpel-link="internal">SEC</a>, keeping <a href="https://en.coin-turk.com/xrp-etf-prospects-look-bleak-amid-regulatory-challenges/" data-wpel-link="internal">XRP</a> in the news. Here’s a detailed XRP chart analysis and key levels to watch. 
<h2 class="p1" style="text-align: justify" id="xrp-four-hour-chart-analysis">XRP Four-Hour Chart Analysis</h2> 
The four-hour XRP chart shows an ascending channel formation, which only broke resistance during the rise on March 11, but this turned out to be a bull trap. Following a touch of the support line, XRP managed to close above the EMA 200 (red line) level, but recent candle formations show consolidation in a tight range. 
The most critical support levels to watch on the XRP chart are; $0.6265 / $0.6131 and $0.6035, respectively. A four-hour bar close below the crucial $0.6035 level, especially under the EMA 200, could lead to a significant loss of momentum for XRP’s price. 
The most important resistance levels for XRP to monitor are; $0.6373 / $0.6491 and $0.6682, respectively. A four-hour bar close above the significant resistance level of $0.6373 could help XRP’s price gain momentum. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332753 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/xrp-4s.png" alt="" width="2413" height="1165"> 
<h2 class="p1" style="text-align: justify" id="xrp-weekly-chart-analysis">XRP Weekly Chart Analysis</h2> 
The weekly XRP chart features an ascending channel formation that has been providing key insights to investors for nearly a year. Following the touch of support in February, XRP’s price crossing the EMA 200 and EMA 9 levels could lead to a gain in momentum. 
Key support levels to follow on the XRP chart are; $0.6065 / $0.5712 and $0.5263, respectively. A weekly close below the $0.5712 level, which intersects with the EMA 200, could result in a loss of momentum for XRP’s price. 
The most important resistance levels to watch on the weekly chart for XRP are; $0.6458 / $0.6990 and $0.7483, respectively. A weekly close above the critical resistance level of $0.6458 could lead to significant momentum in XRP’s price. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-332752 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/xrp-haftalik-2.png" alt="" width="2425" height="1194"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/insights-on-xrps-price-movement-and-key-levels-to-watch/" data-wpel-link="internal">Insights on XRP’s Price Movement and Key Levels to Watch</a></h5>

Insights on XRP’s Price Movement and Key Levels to Watch

Spis treści

COINTURK NEWS

Inne artykuły opublikowane 25 mar 2024

A New Crypto Spot Trading Tool Joins The Market – B2Trader Brokerage Platform

Internet Computer Price Prediction As ICP Surges 22% And Experts Say Consider This Bitcoin Deriva...

X (Twitter) AI Grok Hints at Dogecoin Payments

SWIFT declares second sandbox connector tests a success for CBDC and more

IOTA Foundation Announces $10 Million Venture Fund

Binance faces tax evasion lawsuit from Nigerian government

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!