您现在的位置是:Ripple Price Charts Potential Breakout To $0.55 >>正文
Ripple Price Charts Potential Breakout To $0.55
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛2人已围观
简介The formation of a W pattern suggests XRP price could break above $0.50 and retest recent highs if b...
The formation of a W pattern suggests XRP price could break above $0.50 and retest recent highs if bulls strengthen
As Bitcoin (BTC) looks to reclaim and establish support above $50,000, several altcoins are printing gains that could build towards fresh rallies. Ripple (XRP) is one such coin, having gained over 5% in the past 24 hours to see it top other top ten assets.
Ripple price poised below $0.50
XRP price has hit an intraday high of $0.47 and could break above a downtrend line and rally towards the critical supply barrier at $0.55. The appearance of a bullish pattern also means that another leg up could see Ripple’s price aim for recent highs at $0.65.
Bulls could also retest resistance near $0.79 short term, although an opposite outlook could materialise and see a pullback to lows of $0.40 and potentially $0.25.
Ripple price technical picture
XRP price remains within an ascending parallel channel, with the current price level coming off a bounce near the lower boundary of the channel.
The upside to $0.47 puts XRP on the cusp of breaking above a short-term downtrend line formed since the retreat from $0.64 high to $0.39 low.
If bulls manage to push higher on increased buying, they could settle well above the 50% Fibonacci retracement level and the 20-day EMA ($0.467). Such a move would allow buyers to seek a fresh attack at the resistance near the 61.8% Fib level ($0.55).
The middle line of the ascending channel is also located around the said Fib barrier. A clear break above could strengthen bulls’ push for $0.65 and $0.79.
The above outlook will likely become clearer if the MACD validates its hidden bullish divergence. The buy signal of the Super Trend indicator and the W pattern suggested by the trend line also supports the upside perspective.
The above bullish view would be at risk of dissipating if bulls fail to break above the aforementioned supply wall (50% Fib level). In case this happens and bears push XRP/USD below $0.44, the main support zone is at $0.40 (the 38.2% Fib level).
Any more losses from this level could turn XRP’s short-term market outlook bearish and see increased selling that could plunge prices past the lower support of the channel.
The 23.6% Fibonacci retracement level ($0.31) could provide another anchor, although a diving XRP/USD pair could reach horizontal support at $0.25.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/79492.html
相关文章
Crypto investment products hit 9
Ripple Price Charts Potential Breakout To $0.55Crypto investment products hit 9-week high of inflows.Total inflows for week up to November 24 was $...
阅读更多
Bitget outperforms industry with strong Proof of Reserves ratio of 199%
Ripple Price Charts Potential Breakout To $0.55Victoria, Seychelles, November 3rd, 2023, ChainwireBitget, top crypto derivatives and copy trading p...
阅读更多
Dihedral Transwing eVTOL Takes to the Skies at Larger Scale
Ripple Price Charts Potential Breakout To $0.55By subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Pterodyna...
阅读更多
热门文章
- How AI and robotics can save our infrastructures from collapse
- Pakistan signs in new laws to expedite the launch of CBDC
- Europe’s first exascale supercomputer JUPITER to launch in 2024
- Binance Coin gave up all the 2023 gains and some more. The bearish momentum is set to continue.
- Japan Moon Sniper: SLIM spacecraft makes a safe Moon landing
- JPMorgan enhances JPM Coin with a programmable payments feature