XRP aims at $ 0.55 as the main obstacle for another rally (Ripple price analysis)

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Nach einer impulsiven bullischen Rallye Ripple hat mehrere Widerstandsniveaus durchbrochen, wie den gleitenden 50-Tage-Durchschnitt, das mehrmonatige Dreiecksmuster und seine früheren großen Swing-Hochs. Allerdings sieht sich der Preis nun einer bedeutenden entscheidenden Widerstandszone bei 0,55 $ gegenüber. Technische Analyse Von Shayan Das Tageschart Nach einem impulsiven Anstieg hat der Preis viele kritische Widerstandsniveaus erreicht, was eine zinsbullische Stimmung für die Kryptowährung geschaffen hat. Nach Erreichen einer bedeutenden Barriere von etwa 0,55 $ kam die Rallye jedoch vorübergehend zum Stillstand, und der Preis ging etwas zurück. Obwohl die leichte Ablehnung als kurzfristige Korrektur vor dem nächsten Anstieg über den erwähnten Widerstandsbereich angesehen …
After an impulsive bullish rally ripple, several resistance levels, such as the sliding 50-day average, has broken the multi-month triangle pattern and its former large swing highs. However, the price is now faced with a significant decisive resistance zone at $ 0.55. Technical analysis of Shayan The Tarte Tart After an impulsive increase, the price has reached many critical resistance levels, which has created an interest bullly atmosphere for cryptocurrency. After reaching a significant barrier of around $ 0.55, the rally temporarily came to a standstill, and the price went back a bit. Although the slight rejection regarded as a short -term correction before the next increase over the area mentioned ... (Symbolbild/KNAT)

After an impulsive bullish rally ripple, several resistance levels broke through, such as the sliding 50-day average, the multi-month triangle pattern and its former large swing highs. However, the price is now facing a significant decisive resistance zone at $ 0.55.

technical analysis

of Shayan

the daily -type

After an impulsive increase, the price has reached many critical resistance levels, which has created an interest bully atmosphere for cryptocurrency. After reaching a significant barrier of around $ 0.55, the rally came to a standstill, and the price went back.

Although the slight rejection could be considered as a short -term correction before the next increase over the area mentioned, 0.42 $ acts as critical support in the event of a sudden decrease.

This is particularly relevant because the sliding 50-day average is currently around $ 0.42, which makes it a strong level of support.

XRP_Price_Chart_0504231 Tradingview

The 4-hour diagram

Typically, a healthy housesee rally consists of an impulsive phase characterized by a significant increase, followed by a correction phase during which the price forms correction pattern.

As shown in the following graphic, Ripple experienced an impulsive rally, broke the descending price channel and then entered a short -term correction phase that formed a symmetrical triangle pattern.

After all of this, the cryptocurrency continued its upward trend by breaking a strong movement beyond the upper border of the triangle. However, when the course reached the critical resistance zone of $ 0.55, the rally paused, and Ripple entered another correction level and formed a descending flag pattern.

In summary, it can be said that if the price breaks over the flag pattern and the level of resistance of $ 0.55 claims, a comprehensive rally can be triggered. However, the minor zone of $ 0.48 is used as serving Ripple’s primary support when rejection occurs.

XRP_Price_Chart_0504231 Tradingview

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