<p><a href="https://captainaltcoin.com/why-is-ripple-xrp-price-not-moving-crypto-analyst-weighs-in/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP)</a> is currently going through a critical period in the market, with its price battling to overcome various resistance levels, according to crypto analyst CW, who shared this information with his followers on X (formerly Twitter).</p>
<p>The XRP price is trading at $0.5395 and facing three significant sell walls, with the first at $0.553, according to CW. Strong buying pressure is needed for <a href="https://captainaltcoin.com/ripple-xrp-price-action-hints-at-only-one-direction-analyst-reveals-timeline-for-extraordinary-breakout/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price</a> to break through these walls, suggesting that the token’s upward momentum might be delayed without a substantial trigger.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Celebrate Dogecoin and Make Big Gains with Doge2014!
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.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;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://doge2014.io" target="_blank" rel="noopener noreferrer nofollow">Doge2014</a></strong> raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on <strong><a href="https://doge2014.io/en/airdrop" target="_blank" rel="noopener noreferrer nofollow">exclusive airdrop</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="sell-walls-challenge-xrp-price-upward-movement">Sell Walls Challenge XRP Price Upward Movement</h2>
<p><a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">XRP</a> has faced persistent resistance from the $0.553 price point, where sell orders have created a formidable barrier.&nbsp;</p>
<p>Looking at XRP’s price over the last 4 hours, CW noticed three big barriers that are stopping the price from going up quickly. He says that for XRP’s price to get past these barriers and start rising, a lot of people need to buy it.</p>
<p>Also, XRP’s price has fallen quite a bit, going from $0.65 down to $0.52.It’s rising somewhat now, but not much. The price range is fixed at $0.553 to $0.52. While it is rising, it is currently unable to cross $0.553.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> order blocks in 4 h chart.<a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> is being resisted by the sell wall at $0.553. <a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> has 3 major sell walls to overcome to rise up. It seems that strong buying will be needed to overcome them.<br><br>Therefore, it seems difficult to break through all of these in a short time.… <a href="https://t.co/LESTaXVwvH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/LESTaXVwvH</a></p>— CW (@CW8900) <a href="https://twitter.com/CW8900/status/1846057052210397530?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="order-blocks-and-volume-analysis">Order Blocks and Volume Analysis</h2>
<p>Order blocks, particularly at the $0.553 and $0.58 levels, indicate concentrated selling pressure that XRP must absorb before further gains can occur. The sell walls around these levels are slowing down upward momentum, keeping the XRP price stuck within a tight range.&nbsp;</p>
<p>In addition, resistance for XRP may be seen at $0.60, $0.64, and $0.68, indicating the difficulties that lie ahead.</p>
<p>A closer look at the volume analysis suggests a drop in market participation. While large volume spikes occurred during XRP’s steep decline in early October, the current low volume during this consolidation phase signals uncertainty. To break free from these resistance levels, XRP will need increased buying volume.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/notcoin-not-price-set-for-explosive-breakout-will-it-hit-new-all-time-highs-soon/" target="_blank" rel="noopener noreferrer nofollow">Notcoin (NOT) Price Set for Explosive Breakout – Will It Hit New All-Time Highs Soon?</a></em></strong></p>
<h2 class="wp-block-heading" id="xrp-support-zones-hold-as-price-consolidates">XRP Support Zones Hold as Price Consolidates</h2>
<p>Despite the difficulties <a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow">XRP’s price</a> faces in overcoming the sell walls, its support level at $0.52 has proven strong so far. If this level holds, XRP’s price may have room for another attempt at breaking through the resistance. Lower support levels at $0.44 and $0.38 provide a safety net, although a failure to maintain current support could push XRP toward these lower levels.</p>
<p>For XRP to break through the multiple sell walls, a substantial trigger is needed, as mentioned by CW. Without such a catalyst, XRP’s price will likely remain in its current range-bound state. However, if a positive event or news affects the market, a faster breakout than expected could occur, allowing XRP to move beyond its current resistance levels.</p>
<p><em><strong>Follow us on <a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>, <a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap </a>and <a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a> for more daily crypto updates.<br>Get all our future calls by joining our <a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/etoro-ca-1-oyc386si1bdrmhrff7xex5ngu4zikfy3ei6bk0rbb6.png" width="500" alt="We recommend eToro" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-etoro-target-_blank-rel-noopener-noreferrer-nofollow-span-we-recommend-etoro-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> <span>We recommend eToro</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20"><strong>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. <a href="https://www.etoro.com/customer-service/terms-conditions/trading-restriction/" target="_blank" rel="noopener noreferrer nofollow">Take 2 mins to learn more</a></strong>
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/etoro/" target="_blank" rel="noopener noreferrer nofollow"> Visit eToro Now </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Active user community and social features like news feeds, chats for specific coins available for trading. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Copy trading: allows users to copy the trades of leading traders, for free. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/ripple-xrp-price-seems-difficult-to-break-through-all-sell-walls-says-crypto-analyst/" rel="noopener noreferrer nofollow">Ripple (XRP) Price Seems ‘Difficult’ to Break Through All Sell Walls, Says Crypto Analyst</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ripple (XRP) Price Seems ‘Difficult’ to Break Through All Sell Walls, Says Crypto Analyst

Table of Contents

CaptainAltcoin

Other articles published on Oct 15, 2024

As ETH whales rotate holdings, Rollblock aims to outperform BNB, DOGE

Bitcoin’s Price is Rising, These Altcoins Will Surge Alongside BTC

Institutional Investors Drive Bitcoin ETF Surge

US Spot Bitcoin Exchange Traded Funds (ETFs) Experience Highest Positive Inflow Since June! Here ...

The Crypto Whale Moves 3,888 ETH to Gemini Exchange

TikTok Faces Allegations Regarding Unlicensed Cryptocurrency Services in the UK

Join our free newsletter for daily crypto updates!