Major

bullish

Show

Read

<p>Crypto analyst MikybullCrypto has identified potential bullish momentum for XRP, citing a breakout from a prolonged downtrend on the Relative Strength Index (RSI). This development suggests strengthening market sentiment for the digital asset.</p>
<p><a href="https://captainaltcoin.com/xrp-price-pumps-but-heres-why-ripples-community-should-be-careful/" target="_blank" rel="noopener noreferrer nofollow">XRP’s </a>price has been constrained by a descending trendline, connecting multiple lower highs, which has acted as a strong resistance barrier. This pattern has maintained a bearish outlook over the long term. However, the recent breakout from this trendline indicates a possible shift toward a bullish trend.</p>
<p>With regards to the direction as well as the range, the Bollinger Bands have been slowly narrowing around the price of the <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>, suggesting a range-bound market. These contractions usually appear before large price fluctuations, which indicates that XRP is getting ready for increased volatility.</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> is looking primed for giga send.<br><br>Breaking out of the downtrend on RSI shows strength is in place.<br><br>Imao this thing gonna pull like dogecoin. <a href="https://t.co/QMAvXaqxSN" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/QMAvXaqxSN</a></p>— Mikybull <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f402.png" alt="🐂" class="wp-smiley" style="height: 1em; max-height: 1em;">Crypto (@MikybullCrypto) <a href="https://twitter.com/MikybullCrypto/status/1856588992168259950?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 13, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="xrp-s-strong-support-and-resistance-levels-define-trading-range-strong">XRP’s <strong>Support and Resistance Levels Define Trading Range</strong></h2>
<p><a href="https://captainaltcoin.com/xrp-price-prediction-xrp-eyes-3000-bull-run-in-face-of-rivals-35000-roi-potential/" target="_blank" rel="noopener noreferrer nofollow">XRP has established </a>a primary support level near $0.50, a price point that has provided stability during previous consolidations. A secondary support level exists between $0.25 and $0.30, reflecting historical consolidation zones.</p>
<p>On the resistance side, the immediate challenge lies at the descending trendline, approximately in the $1.00 to $1.20 range. Surpassing this level could signal a bullish reversal. Beyond this, the $2.00 to $2.50 zone represents a significant resistance area, as XRP faced strong rejection there during its previous bull cycles.</p>
<p><strong><em>Read also: <a href="https://captainaltcoin.com/fet-price-plunges-but-heres-why-holders-shouldnt-panic/" target="_blank" rel="noopener noreferrer nofollow">FET Price Plunges, But Here’s Why Holders Shouldn’t Panic</a></em></strong></p>
<h2 class="wp-block-heading" id="strong-rsi-indicates-strengthening-market-sentiment-strong"><strong>RSI Indicates Strengthening Market Sentiment</strong></h2>
<p>The RSI, currently approaching the 40–45 range, has historically triggered rebounds in XRP’s price. This suggests that the asset may be gaining strength, potentially leading to upward price movement.<br>At press time, XRP is at<a href="https://coinmarketcap.com/currencies/xrp/" target="_blank" rel="noopener noreferrer nofollow"> $0.671781</a> highlighting a 3.51% uptrend within the last one day with a trading volume of over $10 billion.</p>
<p><em><strong>Follow us on&nbsp;<a href="https://x.com/CaptainAltcoin_" target="_blank" rel="noopener noreferrer nofollow">X (Twitter)</a>,&nbsp;<a href="https://coinmarketcap.com/community/profile/CaptainAltcoin/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap&nbsp;</a>and&nbsp;<a href="https://www.binance.com/en/square/profile/captainaltcoin" target="_blank" rel="noopener noreferrer nofollow">Binance Square</a>&nbsp;for more daily crypto updates.<br>Get all our future calls by joining our&nbsp;<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/xrp-primed-for-major-move-as-key-technical-indicators-show-bullish-potential/" rel="noopener noreferrer nofollow">XRP Primed for Major Move as Key Technical Indicators Show Bullish Potential</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

XRP Primed for Major Move as Key Technical Indicators Show Bullish Potential

Table of Contents

CaptainAltcoin

Other articles published on Nov 13, 2024

Hayes Links AI Agents to Cryptocurrencies

PNUT and DOGE Records New All-Time Highs After Massive Rallies: What's Driving the Surge?

Weekly Article Recap: 11/04-11/08

Binance Co-Founder Yi He Denies Claims of High Listing Fees on the Exchange

Bitcoin Whale Sparks Significant Market Speculation

Crypto Boom Alert: 5 Meme Coins Poised to Make 100,000% Gains in December 2024!

Join our free newsletter for daily crypto updates!