Cryptocurrency

altFINS

Momentum

<p>Cryptocurrency analyst Cryptoes <a href="https://twitter.com/cryptoes_ta/status/1729952387996016763" target="_blank" rel="noopener noreferrer nofollow">sheds</a> light on the current status of Ripple’s XRP, emphasizing its position above the 61.8% Fibonacci level while facing challenges in breaking higher. The analysis, complemented by altFINS, provides valuable insights into the potential trade setup and the overall trend for XRP.</p>
<h3 class="wp-block-heading" id="strong-cryptoes-assessment-strong"><strong>Cryptoes’ Assessment</strong></h3>
<p>Cryptoes notes XRP’s resilience above the 61.8% Fibonacci level, showcasing a delicate balance between the yellow resistance and blue support levels. With anticipation building for the next significant move, the crypto community awaits developments in XRP’s price action.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="611" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-830-1024x611.png" alt="" class="wp-image-388530" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-830-1024x611.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-830-300x179.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-830-767x458.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-830-1536x917.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-830-2048x1223.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-830-251x150.png 251w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-830-100x60.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-830-586x350.png 586w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-830-788x470.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-830.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>altFINS contributes a detailed technical analysis, identifying a bullish breakout from an ascending triangle pattern and above the 200-day moving average. The subsequent spike to $0.73, although overbought (RSI &gt; 85%), experienced a pullback to around $0.55—a crucial support level aligning with the 200-day MA.</p>
<h3 class="wp-block-heading" id="strong-trade-setup-and-entry-opportunity-strong"><strong>Trade Setup and Entry Opportunity</strong></h3>
<p>The pullback near the $0.55 support and the 200-day MA presents a potential entry point for a swing trade within the ongoing uptrend. altFINS suggests an upside potential to $0.92, referencing the peak from July’s previous run-up. Traders are advised to set price alerts to stay informed about critical developments.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="573" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-831-1024x573.png" alt="" class="wp-image-388538" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-831-1024x573.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-831-300x168.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-831-768x430.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-831-1536x860.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-831-2048x1147.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-831-268x150.png 268w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-831-100x56.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-831-625x350.png 625w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-831-788x441.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-831.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p><em>Source: </em><strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="altFINS" href="https://captainaltcoin.com/go/altfins/" data-shortcode="true"><em>altFINS – Start using it today</em></a></strong></p>
<p>The short-term trend for <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> is deemed neutral, while the medium- and long-term basis suggests an ongoing uptrend. Momentum indicators present a mixed scenario—MACD Line below MACD Signal Line (Bearish), RSI around 50 (Neutral), and rising MACD Histogram bars, hinting at potential upcoming momentum shifts.</p>
<p>altFINS outlines crucial support and resistance zones. The nearest support zones are identified at $0.55 (previous resistance) and $0.45, offering key levels to monitor. Meanwhile, the nearest resistance zones lie at $0.68, followed by the target of $0.92, representing the peak from the notable run-up in July.</p>
<p>Read also:</p>
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<p>As Ripple XRP navigates these critical levels, the technical analysis provides a comprehensive outlook for traders and enthusiasts alike, combining Cryptoes’ observations with altFINS’ strategic insights.</p>
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<p>The post <a href="https://captainaltcoin.com/ripple-battles-above-crucial-fibonacci-level-as-analyst-signals-resumption-of-xrp-uptrend/" rel="noopener noreferrer nofollow">Ripple Battles Above Crucial Fibonacci Level as Analyst Signals Resumption of XRP Uptrend</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple Battles Above Crucial Fibonacci Level as Analyst Signals Resumption of XRP Uptrend

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