Crypto Blog
Ripple has seen a slight rejection at the crucial $1.3 resistance, leading to a temporary period of consolidation. Nevertheless, a continuation of the corrective phase is expected for the short term, with the price’s primary target being the $0.9 support region.Ripple recently surged to test the critical $1.3 resistance zone, a level closely aligning with its prior all-time high. This price range is pivotal, as reclaiming it could open the path toward a new all-time high by year-end.
This correction is supported by the RSI indicator, which shows overbought conditions, reinforcing the expectation of a temporary retracement. For the short term, XRP is likely to consolidate within the $0.9-$1.3 range. This phase is necessary to prepare the market for the next potential bullish breakout while relieving overbought pressures.On the 4-hour timeframe, Ripple’s rejection at the $1.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ripple (XRP) Price Forecast: XRP eyes $0.80 breakout amid Robinhood listingXRP price rose to a six-month peak of $0.75 on Wednesday, up 50% in the last 10 days.
Read more »
Ripple Price Analysis: Can XRP Continue Toward $1 After 35% Weekly Surge?Crypto Blog
Read more »
Ripple Price Analysis: XRP Surges Above $1 but is a Correction Imminent This Week?Crypto Blog
Read more »
Ripple Price Analysis: Is XRP on the Verge of an Explosive Rally to $0.7 Soon?Crypto Blog
Read more »
Ripple Price Analysis: This Is XRP’s Next Resistance Target After Gaining 15% WeeklyCrypto Blog
Read more »
Ripple Price Analysis: Calm Before the Storm for XRP After 6.5% Weekly Decline?Crypto Blog
Read more »