Token

Rally

<p>InvestingHaven has reported that XRP’s recent dip to the $0.48-$0.51 range signals a robust support level, marking potential for a price rally. This dip aligns with previous <a href="https://captainaltcoin.com/how-high-can-xrp-price-rise-if-ripple-replaces-the-swift-financial-system/" target="_blank" rel="noopener noreferrer nofollow">price movements</a> and appears to position XRP for a possible upswing as it moves in tandem with Bitcoin’s price trends approaching the end of 2024.&nbsp;</p>
<p>InvestingHaven’s analysis shows a consolidation phase forming a symmetrical triangle pattern, often indicative of a strong directional move when broken.</p>
<p>Experts from InvestingHaven highlight a potential price increase for <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> if this support zone holds, with $0.625 identified as a key level to trigger a bullish continuation. The pattern reflects sustained support, suggesting buyer interest, while price volatility narrows, indicating potential for a breakout.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24XRP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$XRP</a> Buy-the-Dip Confirmed<br><br>October’s dip to $0.48-$0.51 hit perfectly, confirming strong support. <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a> is positioned to rise, likely bottoming out before moving with <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC</a> as 2024 ends.<br><br>Bullish triangle pattern intact; $0.625 is the key level to watch<br><br>Are you ready? <a href="https://t.co/PRHvRzB40Z" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PRHvRzB40Z</a></p>— InvestingHaven (@InvestingHaven) <a href="https://twitter.com/InvestingHaven/status/1851971383091433762?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 31, 2024</a>
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<h2 class="wp-block-heading" id="strong-symmetrical-triangle-pattern-key-technical-insights-strong"><strong>Symmetrical Triangle Pattern: Key Technical Insights</strong></h2>
<p>XRP’s price action is forming a symmetrical triangle pattern, characterized by converging trendlines representing resistance and support. Furthermore, these boundaries create a coiling effect, where price volatility decreases as it moves closer to the apex, signaling indecision in the market.&nbsp;</p>
<p>The upper trendline acts as resistance, while the lower serves as support, creating a consolidation zone for the price. Moreover, the pattern suggests that XRP may experience a substantial move, either bullish or bearish, as it approaches the breakout point.&nbsp;</p>
<p>A confirmed move above the upper boundary of this triangle and a breach of the $0.625 resistance level would likely mark a continuation of the <a href="https://u.today/xrp-skyrockets-125127-in-24-hours-in-abnormal-liquidation-imbalance" target="_blank" rel="noopener noreferrer nofollow">bullish trend</a>.</p>
<h2 class="wp-block-heading" id="strong-support-at-fibonacci-level-key-price-points-strong"><strong>Support at Fibonacci Level: Key Price Points</strong></h2>
<p>The technical analysis from InvestingHaven pinpoints the 50% Fibonacci retracement level as a pivot point, situated near the center of XRP’s symmetrical triangle. This level has historically acted as support or resistance, underscoring its importance in XRP’s price movement.&nbsp;</p>
<p>With the $0.48-$0.51 support zone confirmed, it provides bulls with confidence that aligns with this Fibonacci level, suggesting price stability.</p>
<p>Resistance at $0.625 remains a hurdle. Breaking above this level would signal bullish momentum, aligning XRP with broader market trends as Bitcoin’s price stabilizes into late 2024. Besides, this level could act as a launch point for future gains if it is convincingly breached.</p>
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<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-whales-are-manipulating-kaspa-kas-price/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Here’s Why Whales Are Manipulating Kaspa (KAS) Price</em></strong><br></a></p>
<h2 class="wp-block-heading" id="strong-potential-outcomes-bullish-and-bearish-scenarios-strong"><strong>Potential Outcomes: Bullish and Bearish Scenarios</strong></h2>
<p>Overcoming the $0.625 resistance and breaking above the upper trendline of the symmetrical triangle could signal a bullish trend reversal for XRP. Additionally, with a breakout, XRP would match the <a href="https://fortune.com/crypto/2024/10/30/bitcoin-teases-all-time-high-days-from-presidential-election/" target="_blank" rel="noopener noreferrer nofollow">rising price patterns of Bitcoin</a>, indicating room for expansion by the end of 2024.</p>
<p>However, a breakdown below the $0.48 support zone would suggest a continuation of the bearish trend. Such a move could invalidate the bullish setup and possibly lead XRP to retest lower Fibonacci levels.</p>
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<p>The post <a href="https://captainaltcoin.com/xrp-buy-the-dip-confirmed-say-experts-predict-potential-ripple-token-price-rally/" rel="noopener noreferrer nofollow">XRP ‘Buy-the-Dip Confirmed,’ Say Experts, Predict Potential Ripple Token Price Rally</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

XRP ‘Buy-the-Dip Confirmed,’ Say Experts, Predict Potential Ripple Token Price Rally

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