Ripple Price Analysis: XRP’s Tightening Consolidation Puts $2 Breakout in Focus

Share

XRP is consolidating around $1.49 after a sharp rebound from the $1.00 support area. The price remains above the 100-day and 200-day moving averages around $1.30, representing a structural improvement compared to the downtrend seen in the first half of the year. Main resistance sits at the $1.60-$1.70 zone; a break above would target $2.00 then $2.40. The daily RSI has normalized from overbought conditions, suggesting momentum has cooled. As long as XRP holds above $1.20-$1.30, the recovery structure remains intact.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items