Long

Satoshi

Captain

<p>Economic Ninja, in a video released on YouTube a few hours ago, issued a warning about some technical patterns on XRP that suggest that the price could be heading for a dip. The 22-minute video which was created with another crypto analyst, Jay Bravo, pointed to various actions and patterns that support the price decline.</p>
<p>The analyst also revealed the critical levels to watch as the price plummets. The following paragraphs will go into the analysis of Ripple price predictions.</p>
<h2 class="wp-block-heading" id="technical-analysis-shows-xrp-price-may-drop">Technical Analysis Shows XRP Price May Drop</h2>
<p>Jay Bravo, an experienced trader in cryptocurrencies, options, and other assets, presented a detailed technical analysis of XRP’s price chart. He identified several key patterns that suggest a possible bearish trend for the digital asset:</p>
<p><strong>Triangle Pattern:</strong> Bravo highlighted a triangle formation on the <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> chart, indicating critical support and resistance levels. The trend line dating back to March 2020 was emphasized as a crucial indicator for potential buy zones.</p>
<p><strong>Head and Shoulders Formation</strong>: A bearish head and shoulders pattern was observed, with Bravo stressing the importance of the neckline. A break below this level could trigger a significant price drop.</p>
<p><strong>Support Levels Under Scrutiny:</strong> A key support level at 41 cents was identified. Bravo warned that if this level fails to hold, XRP’s price could potentially plummet into the teens.</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="market-behavior-and-emotional-factors">Market Behavior and Emotional Factors</h2>
<p>The analysis emphasized the role of human emotions in driving market movements. Bravo explained that charts essentially reflect the interplay of fear and greed among traders and investors. He stressed the importance of understanding these emotional undercurrents when making trading decisions.</p>
<p>An important point raised in the discussion was the increasing correlation between cryptocurrencies and the stock market. This relationship, attributed to growing involvement from Wall Street and the introduction of crypto ETFs, suggests that a downturn in traditional markets could negatively impact XRP and other digital assets.</p>
<h2 class="wp-block-heading" id="potential-price-targets-and-trading-strategies">Potential Price Targets and Trading Strategies</h2>
<p>Bravo shared his prediction that the price could go down to 41 cents. If the support at that level doesn’t hold, it could fall as low as 11 cents or even less.&nbsp;</p>
<p>The analyst will be using the 200-day moving average to follow the trend and other technical tools to back up his forecast.</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="XRP Price Warning (XRP technical analysis)" width="840" height="473" src="https://www.youtube.com/embed/0XKPi5fkzEY?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>
</figure>
<h2 class="wp-block-heading" id="ripple-s-legal-dispute-continues">Ripple’s Legal Dispute Continues</h2>
<p>Ripple’s ongoing legal battle with the SEC is also a major factor affecting XRP’s market performance. Recent updates say both sides have been told to reconsider their requests to keep parts of their briefs private. They have until July 8, 2024, to do this. The court is expected to decide on these requests shortly after.</p>
<p>Despite the legal issues, Ripple’s president, Monica Long, is optimistic about the company’s position. Long talked about Ripple expanding into new areas, like a possible XRP ETF. She also said Ripple is still focused on improving payment systems and the XRP Ledger.</p>
<p>Long also noted that despite the SEC’s pressure on the crypto industry, Ripple has kept making partnerships and developing custody services for banks and financial institutions.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></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/crypto-analyst-makes-an-urgent-xrp-price-warning-amid-ongoing-ripple-legal-battles/" rel="noopener noreferrer nofollow">Crypto Analyst Makes an Urgent XRP Price Warning Amid Ongoing Ripple Legal Battles</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Analyst Makes an Urgent XRP Price Warning Amid Ongoing Ripple Legal Battles

Innehållsförteckning

CaptainAltcoin

Andra artiklar publicerade 28 juni 2024

Cardano Weathers Spam Storm: ADA Price Poised for Potential Breakout Despite Bearish Signals

Fashion label “Collina Strada” faces backlash over AI-generated prints

MoonBag Lures Away Slothana and Arweave Holders, the Top Crypto Presale in 2024 Stuns with $1 Pre...

In 2024 Qubetics Whitelist Flourishes During Polygon and Polkadot Crypto Market Declines

Ethereum Whales Go On NOT and PEPE Shopping Spree, What Else Are They Buying?

Bitcoin Sees Modest Increase in 24 Hours

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!