• bitcoinBitcoin (BTC) $ 62,566.00
  • ethereumEthereum (ETH) $ 2,437.30
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 566.70
  • solanaSolana (SOL) $ 145.52
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.532551
  • staked-etherLido Staked Ether (STETH) $ 2,436.44
  • dogecoinDogecoin (DOGE) $ 0.110674
  • the-open-networkToncoin (TON) $ 5.31
  • tronTRON (TRX) $ 0.154477
  • cardanoCardano (ADA) $ 0.355205
  • avalanche-2Avalanche (AVAX) $ 26.85
  • shiba-inuShiba Inu (SHIB) $ 0.000018
  • wrapped-stethWrapped stETH (WSTETH) $ 2,881.67
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 62,471.00
  • wethWETH (WETH) $ 2,438.09
  • chainlinkChainlink (LINK) $ 11.24
  • bitcoin-cashBitcoin Cash (BCH) $ 323.61
  • polkadotPolkadot (DOT) $ 4.17
  • daiDai (DAI) $ 1.00
  • leo-tokenLEO Token (LEO) $ 5.99
  • nearNEAR Protocol (NEAR) $ 4.84
  • uniswapUniswap (UNI) $ 6.99
  • litecoinLitecoin (LTC) $ 67.20
  • suiSui (SUI) $ 1.83
  • bittensorBittensor (TAO) $ 589.38
  • aptosAptos (APT) $ 8.57
  • pepePepe (PEPE) $ 0.000010
  • wrapped-eethWrapped eETH (WEETH) $ 2,556.92
  • internet-computerInternet Computer (ICP) $ 8.45
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.44
  • kaspaKaspa (KAS) $ 0.145908
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.382031
  • ethereum-classicEthereum Classic (ETC) $ 18.74
  • stellarStellar (XLM) $ 0.092034
  • moneroMonero (XMR) $ 147.40
  • blockstackStacks (STX) $ 1.83
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.998626
  • okbOKB (OKB) $ 41.65
  • ethena-usdeEthena USDe (USDE) $ 0.999532
  • dogwifcoindogwifhat (WIF) $ 2.44
  • immutable-xImmutable (IMX) $ 1.51
  • aaveAave (AAVE) $ 148.56
  • filecoinFilecoin (FIL) $ 3.67
  • crypto-com-chainCronos (CRO) $ 0.080046
  • render-tokenRender (RENDER) $ 5.35
  • optimismOptimism (OP) $ 1.65
  • hedera-hashgraphHedera (HBAR) $ 0.053537
  • arbitrumArbitrum (ARB) $ 0.554903
  • injective-protocolInjective (INJ) $ 20.55
  • mantleMantle (MNT) $ 0.601004
  • vechainVeChain (VET) $ 0.023122
  • fantomFantom (FTM) $ 0.643296
  • cosmosCosmos Hub (ATOM) $ 4.58
  • whitebitWhiteBIT Coin (WBT) $ 11.48
  • thorchainTHORChain (RUNE) $ 4.86
  • the-graphThe Graph (GRT) $ 0.162471
  • bitget-tokenBitget Token (BGB) $ 1.10
  • sei-networkSei (SEI) $ 0.432678
  • bonkBonk (BONK) $ 0.000021
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,439.99
  • popcatPopcat (POPCAT) $ 1.37
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,725.31
  • theta-tokenTheta Network (THETA) $ 1.33
  • flokiFLOKI (FLOKI) $ 0.000138
  • makerMaker (MKR) $ 1,459.70
  • arweaveArweave (AR) $ 19.31
  • heliumHelium (HNT) $ 7.31
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,538.93
  • pyth-networkPyth Network (PYTH) $ 0.333097
  • mantra-daoMANTRA (OM) $ 1.38
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 62,338.00
  • celestiaCelestia (TIA) $ 5.28
  • gatechain-tokenGate (GT) $ 8.68
  • jupiter-exchange-solanaJupiter (JUP) $ 0.781590
  • ondo-financeOndo (ONDO) $ 0.728618
  • algorandAlgorand (ALGO) $ 0.126079
  • matic-networkPolygon (MATIC) $ 0.379674
  • quant-networkQuant (QNT) $ 68.99
  • worldcoin-wldWorldcoin (WLD) $ 1.94
  • kucoin-sharesKuCoin (KCS) $ 7.95
  • jasmycoinJasmyCoin (JASMY) $ 0.019794
  • lido-daoLido DAO (LDO) $ 1.06
  • bitcoin-svBitcoin SV (BSV) $ 46.29
  • bittorrentBitTorrent (BTT) $ 0.00000093
  • wormholeWormhole (W) $ 0.339495
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,438.04
  • coredaoorgCore (CORE) $ 0.928306
  • flowFlow (FLOW) $ 0.549377
  • fasttokenFasttoken (FTN) $ 2.54
  • based-brettBrett (BRETT) $ 0.084000
  • beam-2Beam (BEAM) $ 0.016049
  • conflux-tokenConflux (CFX) $ 0.180998
  • galaGALA (GALA) $ 0.020605
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,483.76
  • ethenaEthena (ENA) $ 0.289320
  • notcoinNotcoin (NOT) $ 0.007549
  • klay-tokenKlaytn (KLAY) $ 0.132739
  • ordinalsORDI (ORDI) $ 36.60
  • msolMarinade Staked SOL (MSOL) $ 177.70
  • starknetStarknet (STRK) $ 0.393830
  • aerodrome-financeAerodrome Finance (AERO) $ 1.18
  • flare-networksFlare (FLR) $ 0.015507
  • usddUSDD (USDD) $ 0.998358
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • eosEOS (EOS) $ 0.474629
  • neoNEO (NEO) $ 10.10
  • axie-infinityAxie Infinity (AXS) $ 4.67
  • elrond-erd-2MultiversX (EGLD) $ 25.77
  • nervos-networkNervos Network (CKB) $ 0.015637
  • ecasheCash (XEC) $ 0.000035
  • tokenize-xchangeTokenize Xchange (TKX) $ 8.61
  • tezosTezos (XTZ) $ 0.672778
  • tether-goldTether Gold (XAUT) $ 2,656.20
  • fraxFrax (FRAX) $ 0.997513
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 62,380.00
  • akash-networkAkash Network (AKT) $ 2.51
  • pendlePendle (PENDLE) $ 3.85
  • mina-protocolMina Protocol (MINA) $ 0.526763
  • the-sandboxThe Sandbox (SAND) $ 0.255188
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000029
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,494.46
  • mog-coinMog Coin (MOG) $ 0.000002
  • eigenlayerEigenlayer (EIGEN) $ 3.21
  • roninRonin (RON) $ 1.65
  • chilizChiliz (CHZ) $ 0.062841
  • dydx-chaindYdX (DYDX) $ 0.875928
  • ethereum-name-serviceEthereum Name Service (ENS) $ 17.02
  • nexoNEXO (NEXO) $ 0.991810
  • decentralandDecentraland (MANA) $ 0.292915
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,436.92
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.005988
  • aioz-networkAIOZ Network (AIOZ) $ 0.464311
  • axelarAxelar (AXL) $ 0.650739
  • pax-goldPAX Gold (PAXG) $ 2,681.25
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.87
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000089
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 62,724.00
  • neiro-3Neiro (NEIRO) $ 0.001211
  • true-usdTrueUSD (TUSD) $ 0.998976
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,632.77
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 151.50
  • apecoinApeCoin (APE) $ 0.726047
  • raydiumRaydium (RAY) $ 1.79
  • superfarmSuperVerse (SUPER) $ 1.04
  • oasis-networkOasis (ROSE) $ 0.069432
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,436.16
  • havvenSynthetix Network (SNX) $ 1.42
  • zksyncZKsync (ZK) $ 0.126575
  • layerzeroLayerZero (ZRO) $ 4.17
  • safeSafe (SAFE) $ 0.939897
  • dexeDeXe (DEXE) $ 8.04
  • echelon-primeEchelon Prime (PRIME) $ 9.47
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.09
  • astarAstar (ASTR) $ 0.061298
  • book-of-memeBOOK OF MEME (BOME) $ 0.006444
  • gigachad-2Gigachad (GIGA) $ 0.045841
  • metaplexMetaplex (MPLX) $ 0.444411
  • xdce-crowd-saleXDC Network (XDC) $ 0.029374
  • zcashZcash (ZEC) $ 28.61
  • frax-etherFrax Ether (FRXETH) $ 2,433.83
  • livepeerLivepeer (LPT) $ 12.31
  • iotaIOTA (IOTA) $ 0.124174
  • l2-standard-bridged-weth-blastL2 Standard Bridged WETH (Blast) (WETH) $ 2,437.08
  • blurBlur (BLUR) $ 0.221220
  • theta-fuelTheta Fuel (TFUEL) $ 0.062957
  • gnosisGnosis (GNO) $ 162.70
  • beldexBeldex (BDX) $ 0.062957
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 1.00
  • celoCelo (CELO) $ 0.747833
  • arkhamArkham (ARKM) $ 1.46
  • usdbUSDB (USDB) $ 0.992574
  • apenftAPENFT (NFT) $ 0.00000041
  • dydxdYdX (ETHDYDX) $ 0.876000
  • bitcoin-goldBitcoin Gold (BTG) $ 22.55
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.003866
  • compound-governance-tokenCompound (COMP) $ 44.04
  • turboTurbo (TURBO) $ 0.005517
  • pepecoin-2PepeCoin (PEPECOIN) $ 3.15
  • stepnGMT (GMT) $ 0.132920
  • osmosisOsmosis (OSMO) $ 0.543522
  • aleoALEO (ALEO) $ 3.61
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.073014
  • kavaKava (KAVA) $ 0.338763
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,435.57
  • dogs-2Dogs (DOGS) $ 0.000693
  • safepalSafePal (SFP) $ 0.730223
  • iotexIoTeX (IOTX) $ 0.037403
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006796
  • bitcoin-avalanche-bridged-btc-bBitcoin Avalanche Bridged (BTC.b) (BTC.B) $ 62,481.00
  • wemix-tokenWEMIX (WEMIX) $ 0.836406
  • super-oethSuper OETH (SUPEROETHB) $ 2,434.87
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.05
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.14
  • golemGolem (GLM) $ 0.335330
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 62,516.00
  • 1inch1inch (1INCH) $ 0.260802
  • mx-tokenMX (MX) $ 3.32

XRP Conitnues Consolidation as Major Move Seems Imminent, but Which Way? (Ripple Price Analysis)

0 126

Ripple continues to navigate its consolidation phase, as observed by the price oscillating within a pivotal range, forming a sideways wedge pattern.

Notably, XRP encounters a robust support zone, identified by the convergence of the 100 and 200-day moving averages, along with the lower boundary of the wedge. This convergence holds the potential to impede any downward movements.

XRP Analysis

By Shayan

Ripple Price Analysis: The Daily Chart

The ongoing consolidation has expanded around a significant support area. This critical zone encompasses the 100-day and 200-day moving averages, along with the lower support of the wedge at $0.58. This reinforces the notion of substantial demand existing at this crucial juncture.

Considering the prevailing buying pressure and demand at this pivotal level, Ripple is anticipated to secure support, preventing further downward momentum. In this context, with the price nearing the narrowing end of the wedge, a breakout to the upside could initiate a sustained bullish trend. Conversely, a breach below the crucial support may trigger a cascading effect, targeting lower price thresholds.

XRP Conitnues Consolidation as Major Move Seems Imminent, but Which Way? (Ripple Price Analysis)

The 4-Hour Chart

A closer examination of the 4-hour chart reveals that the significant support region, spanning from the crucial 0.5 ($0.61) to 0.618 ($0.58) levels of the Fibonacci retracement, continues to serve as a formidable defense against sellers’ attempts to drive the price lower.

Importantly, this vital support area aligns harmoniously with the lower boundary of the wedge, further solidifying its role as a robust barrier against selling pressure.

A potential dip beneath this pivotal support range could signal an impending substantial downturn for XRP, necessitating careful consideration by market participants in anticipation of noteworthy changes under such circumstances. However, considering recent price movements and market sentiment, a breakout above the wedge pattern appears more plausible.

XRP Conitnues Consolidation as Major Move Seems Imminent, but Which Way? (Ripple Price Analysis)

Source

Leave A Reply

Your email address will not be published.