Top Ripple Analyst Predicts XRP Price Surge as Support Holds – Is $0.65 Next?

2024-10-10 23:30

Ripple’s XRP recent upswing may result in a price spike if its support at $0.52 holds, according to top analyst Crypto Yapper, who has 16.6k followers on X (formerly Twitter). 

In addition, the XRP price is presently hovering around $0.532, and the market is waiting to see if this level of support holds and drives the token into the next resistance region, which is located between $0.60 and $0.65.

.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} Celebrate Dogecoin and Make Big Gains with Doge2014!.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;}

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +Show less – XRP Price Uptrend and Key Support Levels

The XRP chart shows that the token is forming higher lows, indicating an upward trend since June 2024. But a clear rising trendline has been drawn, and it currently intersects with $0.52, which is critical to keeping the bullish momentum going.

Image Source: X/CryptoYapper

However, the XRP price may make another attempt to break over the $0.60–$0.65 resistance range if this trendline persists.

According to CryptoYapper, the XRP price has been showing signs of consolidation and an impending upward breakout by producing higher lows and equal highs. He emphasizes that XRP’s current support needs to hold to maintain its bullish trajectory. Failure to do so might indicate a shift in market sentiment.

Read Also: XRP Price Could Hit $10,000: Ripple Analyst Explains Why

XRP Price Consolidation and Resistance

The resistance zone between $0.60 and $0.65 has been tested multiple times, as evident in the chart analysis, but XRP’s price has faced repeated rejection in this range. This zone represents a compelling supply area where selling pressure tends to increase. 

However, equal highs suggest that the XRP price movement may be about to establish an ascending triangle pattern, which usually leads to a breakout in the direction of the prior trend.

If XRP’s price sustains the $0.52 support level, it might test the resistance zone once more and possibly break through to the topside. A successful breach could signal the start of a larger upward move.

Yet the market structure of XRP right now demonstrates a careful balancing act between levels of support and resistance. A positive breakout could occur if traders can determine if the token’s current level of consolidation, which is $0.52, will hold. 

Finally, the higher lows and the potential ascending triangle formation give rise to optimism for additional gains should XRP’s price overcome the $0.60–$0.65 resistance zone. It’s an important time for the price movement of XRP because its future depends on its capacity to maintain support.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post Top Ripple Analyst Predicts XRP Price Surge as Support Holds – Is $0.65 Next? appeared first on CaptainAltcoin.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ripple (XRP) на Currencies.ru

$ 2.522 (-0.08%)
Объем 24H $47.027b
Изменеия 24h: -7.57 %, 7d: 82.51 %
Cегодня L: $2.3674 - H: $2.8575
Капитализация $143.885b Rank 3
Цена в час новости $ 0.5249 (380.47%)

xrp price support analyst ripple holds followers

Источник: captainaltcoin.com

xrp price → Результатов: 126


Фото:

XRP Price Prediction: XRP To Reach A Project Price Of $5, While This Solana Killer Eyes 20,000% Gains

Finally, the XRP price is eyeing a long-anticipated breakthrough to the $5 mark. With recent market dynamics in play, the XRP price has positioned itself for an increase, but there’s a new player in the spotlight: WallitIQ (WLTQ), a crypto asset that’s gaining attention as a potential “Solana killer.” Analysts […]

2024-11-11 03:00


Seasoned Trader Eyes $35 For XRP, Says It’s Not As Crazy As It Sounds

A well-experienced trader recently got significant attention after making a bold statement that an XRP price hike could be somewhere between $30 to $35 based on his assumptions of the market. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details Critics slammed his forecast, but Ralston Maximus, a seasoned investor, defended that the predicted price of XRP climbing to $35 is reasonable.

2024-10-29 18:00


XRP Price Growth: Analyst Breaks Down The Movements And Why It’s So

The reason behind the stagnant XRP price growth has remained a mystery, with many crypto analysts pointing to legal disputes and market volatility as key factors holding back its momentum. However, even during favorable market conditions and after gaining legal clarity following multiple Ripple Court wins against the United States Securities and Exchange Commission (SEC), XRP has still failed to experience a notable upward surge.

2024-10-16 23:00


XRP Price Set for Explosive Rally, Analyst Shares Timeline

XRP is getting close to a crucial level, and experts expect an upcoming breakout. Analyst EGRAG CRYPTO tweeted that XRP is likely to swing s in price during the next 15 to 30 days.  Complementing a thorough chart, the tweet highlighted important levels of support and resistance, therefore suggesting possible price targets for the short […] The post XRP Price Set for Explosive Rally, Analyst Shares Timeline appeared first on CaptainAltcoin.

2024-10-16 22:30


XRP Price Set To Reach $40 As Dogecoin’s Price Readies To Move 10,000% To $10

A recent analysis by a crypto analyst identified as ’Steph The Crypto’ is riling up the Ripple (XRP) community, as the analyst predicts a rapid surge in XRP’s price to $40. This pump could potentially place Ripple (XRP) in competition with top cryptocurrencies like Dogecoin, and ETFSwap (ETFS), both expected to experience explosive gains— Dogecoin […] The post XRP Price Set To Reach $40 As Dogecoin’s Price Readies To Move 10,000% To $10 appeared first on CaptainAltcoin.

2024-9-18 16:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru