XRP withdraws towards $ 0.5 because the mood stalls, is the rally over? (Ripple price analysis)

RippleDer Preis von ist in den letzten Wochen stark gestiegen, nachdem er über die bedeutende Widerstandsmarke von 0,43 $ ausgebrochen war. Allerdings könnte es für die Bullen noch zu früh sein, das Ende des Bärenmarktes zu feiern, da Warnsignale auftauchen. Technische Analyse Von: Edris XRP/USDT-Tageschart: Der Preis ist in den letzten Wochen fast senkrecht gestiegen, nachdem er über die 0,43-Dollar-Marke und sowohl den gleitenden 50-Tage- als auch den 200-Tage-Durchschnitt, der sich um die 0,4-Dollar-Marke befindet, ausgebrochen ist. Diese gleitenden Durchschnitte stehen auch kurz vor einem zinsbullischen Crossover, da der gleitende 50-Tage-Durchschnitt den 200-Tage-Durchschnitt fast nach oben kreuzt. Vom Standpunkt der …
Rippleder Price of has risen sharply in the past few weeks after it broke out over the significant resistance mark of $ 0.43. However, it could be too early for the bulls to celebrate the end of the bear market, as warning signals appear. Technical analysis of: EDRIS XRP/USDT-TART: The price has risen almost vertically in the past few weeks after it has broken out over the $ 0.43 brand and both the sliding 50-day and 200-day average, which is located around $ 0.4. These moving average are also about to be used to an interest bullish crossover, since the sliding 50-day average crosses the 200-day average almost upwards. From the point of view of ... (Symbolbild/KNAT)

XRP withdraws towards $ 0.5 because the mood stalls, is the rally over? (Ripple price analysis)

rippleder price of has risen sharply in the past few weeks after it broke out over the significant resistance brand of $ 0.43. However, it could be too early for the bulls to celebrate the end of the bear market, there are warning signals.

technical analysis

from: edris

XRP/USDT-TACTART:

The price has risen almost vertically in the past few weeks after it broke out over the $ 0.43 mark and the sliding 50-day and 200-day average, which is around 0.4 dollar brand.

These moving average are also about to be used to cross the 200-day average almost upwards. However, it does not look so good from the point of view of the classic price action.

The price was decidedly rejected by the important resistance brand of $ 0.55, and the RSI shows a clear declining divergence between the last two highs, which indicates that a correction could occur soon. In this case, the level of support of $ 0.43 would be the first potential support area.

XRP_Price_Chart_0204231 Tradingview

XRP/BTC daily diagram:

against BTC it looks even worse because the price apparently falls back into the vulnerable descending channel after it has been rejected by the gliding 200-day average around 0.00002 satellite. If the satellite level of 0.000018 cannot be kept, the recent outbreak would be considered a fake and could lead to the short term that the price within the channel falls deeper towards the SAT from 0.000016.

If the market recovered from the current area, the sliding 200-day average would be the first goal, followed by the static level of 0.000022 Sat. Based on the current price movement, however, a pullback seems more likely.

XRP_Price_Chart_0204232 Tradingview

.