bullish

when

Daily

<p>Ripple’s price is experiencing low volatility, stuck between the $0.5 support and resistance near the 200-day moving average at $0.54.</p>
<p>This range-bound movement suggests indecision, with a potential breakout likely determining the next trend.</p>
<h2 id="xrp-analysis">XRP Analysis</h2>
<p>By <a href="https://www.linkedin.com/in/shayan-navabi-522107248/" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">Shayan</a></p>
<h3 id="the-daily-chart">The Daily Chart</h3>
<p>On the daily chart, XRP’s recent rejection at the 200-day moving average of $0.55 led to a decline toward the $0.5 support level. However, trading activity has since slowed, with the price consolidating and displaying minimal volatility near this support region.</p>
<p>Ripple is currently trapped by a critical range between $0.5 (support) and $0.54 (200-day MA resistance), suggesting that the market is awaiting a stronger catalyst to drive the next move. For now, continued consolidation within this range is expected, and a breakout could indicate the direction of XRP’s mid-term trend.</p>
<p><a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-D-1-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a></p>
<h3 id="the-4-hour-chart">The 4-Hour Chart</h3>
<p>On the 4-hour chart, Ripple’s indecision is evident, with the asset confined to a crucial zone between the 0.5 ($0.52) and 0.618 ($0.49) Fibonacci retracement levels. This narrow price action, coupled with a descending wedge pattern near the $0.5 mark, hints at the potential for a bullish reversal if Ripple can break above the wedge’s upper boundary at $0.54.</p>
<p>Descending wedges often signal a bullish reversal when broken to the upside, but in the absence of sufficient buying pressure, Ripple may remain within the wedge for the short term, continuing its sideways consolidation and reflecting the current standoff between buyers and sellers.</p>
<p>A breakout from the wedge pattern, especially to the upside, could attract renewed buying interest, while a downside break below $0.5 would likely confirm a bearish trend.<a href="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-1-scaled.jpg" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="aligncenter size-full wp-image-369186" src="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-1-scaled.jpg" alt="" width="2560" height="1372" srcset="https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-1-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-1-300x161.jpg 300w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-1-1024x549.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-1-768x411.jpg 768w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-1-1536x823.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-1-2048x1097.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2024/11/XRP-4H-1-50x27.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px"></a></p>
<p>The post <a href="https://cryptopotato.com/ripple-price-analysis-will-xrp-maintain-0-5-after-3-5-weekly-drop/" rel="noopener noreferrer nofollow">Ripple Price Analysis: Will XRP Maintain $0.5 After 3.5% Weekly Drop?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple Price Analysis: Will XRP Maintain $0.5 After 3.5% Weekly Drop?

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