Daily

<p>Ripple&#8217;s price has encountered significant resistance, which threatens the continuation of its recent rally.</p>
<p>However, there seems to be a favorable probability for the cryptocurrency to advance further in the upcoming weeks, as several nearby support levels are in place &#8211; at least from a technical analysis standpoint.</p>
<h2 id="strong-ripple-price-technical-analysis-strong"><strong>Ripple Price Technical Analysis</strong></h2>
<p><strong>By: <a href="https://twitter.com/TradingRage" data-wpel-link="external" target="_blank">Edris</a></strong></p>
<h3 id="strong-xrp-usdt-daily-chart-strong"><strong>XRP/USDT Daily Chart:</strong></h3>
<p>XRP&#8217;s price has been unable to surpass the $0.55 level, leading to a period of trading below this resistance level.</p>
<p>The initial support level to watch is the 50-day moving average at approximately $0.48, followed by the $0.43 level and the 3200-day moving average in the same price range. If XRP manages to break above the $0.55 area, it could initiate a notable upward trend in the near future.</p>
<figure id="attachment_255225" aria-describedby="caption-attachment-255225" style="width: 2560px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/06/XRPUSDT-Daily-June-14-2023-scaled.jpg" data-wpel-link="internal"><img class="wp-image-255225 size-full" src="https://cryptopotato.com/wp-content/uploads/2023/06/XRPUSDT-Daily-June-14-2023-scaled.jpg" alt="xrp_price_chart_1406231" width="2560" height="1384" srcset="https://cryptopotato.com/wp-content/uploads/2023/06/XRPUSDT-Daily-June-14-2023-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPUSDT-Daily-June-14-2023-300x162.jpg 300w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPUSDT-Daily-June-14-2023-1024x554.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPUSDT-Daily-June-14-2023-768x415.jpg 768w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPUSDT-Daily-June-14-2023-1536x830.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPUSDT-Daily-June-14-2023-2048x1107.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPUSDT-Daily-June-14-2023-50x27.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px" /></a><figcaption id="caption-attachment-255225" class="wp-caption-text">Source: TradingView</figcaption></figure>
<h3 id="strong-xrp-btc-daily-chart-strong"><strong>XRP/BTC Daily Chart</strong></h3>
<p>Against BTC, the chart presents a similar scenario, where the XRP price experienced a rally in recent months before facing rejection at the 2200 SAT resistance level.</p>
<p>The cryptocurrency is in a consolidation phase around the 2000 SAT level. The 200-day and 50-day moving averages converge around 1800 SAT, which provides solid static support. Given the cluster of nearby support levels, it is highly probable that the price might revisit and potentially rechallenge the 2200 SAT level in the near future.</p>
<figure id="attachment_255226" aria-describedby="caption-attachment-255226" style="width: 2560px" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2023/06/XRPBTC-Daily-June-14-2023-scaled.jpg" data-wpel-link="internal"><img class="wp-image-255226 size-full" src="https://cryptopotato.com/wp-content/uploads/2023/06/XRPBTC-Daily-June-14-2023-scaled.jpg" alt="xrp_price_chart_1406232" width="2560" height="1384" srcset="https://cryptopotato.com/wp-content/uploads/2023/06/XRPBTC-Daily-June-14-2023-scaled.jpg 2560w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPBTC-Daily-June-14-2023-300x162.jpg 300w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPBTC-Daily-June-14-2023-1024x554.jpg 1024w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPBTC-Daily-June-14-2023-768x415.jpg 768w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPBTC-Daily-June-14-2023-1536x830.jpg 1536w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPBTC-Daily-June-14-2023-2048x1107.jpg 2048w, https://cryptopotato.com/wp-content/uploads/2023/06/XRPBTC-Daily-June-14-2023-50x27.jpg 50w" sizes="(max-width: 2560px) 100vw, 2560px" /></a><figcaption id="caption-attachment-255226" class="wp-caption-text">Source: TradingView</figcaption></figure>
<p>The post <a href="https://cryptopotato.com/xrp-tumbles-over-4-daily-as-bears-target-this-critical-level-next-ripple-price-analysis/" rel="nofollow">XRP Tumbles Over 4% Daily as Bears Target This Critical Level Next (Ripple Price Analysis)</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.</p>

XRP Tumbles Over 4% Daily as Bears Target This Critical Level Next (Ripple Price Analysis)

Índice

CryptoPotato_News

Outros artigos publicados em 14 de jun. de 2023

Bitcoin Remains Stable Amid Rising Outflows and Regulatory Pressures

Vietnam Blockchain Summit 2023 Set To Be The Biggest & Most High-Profile Blockchain Event in Viet...

MarsDAO Ecosystem — March Summary

Moxy partners with Stainless Games to release Shock Rods

Blockchain Expo Dubai 2023: The Premier Blockchain Event in the Middle East by HQ MENA

What is Play to Earn? How to Play?

Receba nossa newsletter para saber diariamente as novidades das criptomoedas!