Ripple has recently experienced a resurgence of buying pressure around the crucial $0.5 support region, resulting in a strong price spike and reclaiming significant resistance levels.<\/p>\n
This renewed buying activity suggests an uptrend in the mid-term, with a potential target of the $0.66 resistance.<\/p>\n
By Shayan<\/a><\/p>\n On the daily chart, the $0.5 zone has been a critical support for XRP over the past months. The recent influx of buying momentum pushed the asset above the 100-day moving average ($0.55) and 200-day moving average ($0.53). Breaking above these moving averages indicates a shift in sentiment, as buyers now hold a stronger position in the market.<\/p>\n However, RP is currently trading within an expanding wedge pattern and is bounded by the $0.55 and $0.66 thresholds. A short-term consolidation within this range is expected for the mid-term, with a likely continuation of the uptrend aiming toward the $0.66 resistance level.<\/a><\/p>\n Zooming into the 4-hour chart, Ripple experienced significant demand around the $0.5 support range, which aligns with the 0.5 and 0.618 Fibonacci retracement levels.<\/p>\n The bullish divergence seen between the price and the Relative Strength Index (RSI) confirmed the accumulation phase, resulting in a decisive breakout above both the descending wedge\u2019s upper boundary and the $0.55 threshold. This breakout and the wedge\u2019s pattern signal a bullish reversal in the mid-term.<\/p>\n Ripple is now trading within a $0.55-$0.66 range, and a period of consolidation within this range is likely before a continued bullish move. As long as buying momentum persists and consolidation remains healthy, XRP\u2019s price could approach and potentially test the $0.66 resistance in the mid-term.<\/a><\/p>\n The post Ripple Price Analysis: This Is XRP\u2019s Next Resistance Target After Gaining 15% Weekly<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple has recently experienced a resurgence of buying pressure around the crucial $0.5 support region, resulting in a strong price spike and reclaiming significant resistance levels. This renewed buying activity suggests an uptrend in the mid-term, with a potential target of the $0.66 resistance. XRP Analysis By Shayan The Daily Chart On the daily chart, […]<\/p>\n","protected":false},"author":0,"featured_media":19507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19506"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19506"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19507"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Daily Chart<\/h3>\n
The 4-Hour Chart<\/h3>\n
![<\/a><\/p>\nThe 4-Hour Chart<\/h3>\nZooming into the 4-hour chart, Ripple experienced significant demand around the $0.5 support range, which aligns with the 0.5 and 0.618 Fibonacci retracement levels.<\/p>\nThe bullish divergence seen between the price and the Relative Strength Index (RSI) confirmed the accumulation phase, resulting in a decisive breakout above both the descending wedge\u2019s upper boundary and the $0.55 threshold. This breakout and the wedge\u2019s pattern signal a bullish reversal in the mid-term.<\/p>\nRipple is now trading within a $0.55-$0.66 range, and a period of consolidation within this range is likely before a continued bullish move. As long as buying momentum persists and consolidation remains healthy, XRP\u2019s price could approach and potentially test the $0.66 resistance in the mid-term.<\/a><\/p>\nThe post Ripple Price Analysis: This Is XRP\u2019s Next Resistance Target After Gaining 15% Weekly<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ripple has recently experienced a resurgence of buying pressure around the crucial $0.5 support region, resulting in a strong price spike and reclaiming significant resistance levels. This renewed buying activity suggests an uptrend in the mid-term, with a potential target of the $0.66 resistance. XRP Analysis By Shayan The Daily Chart On the daily chart, […]<\/p>\n","protected":false},"author":0,"featured_media":19507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19506"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19506"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19507"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/XRP-D-2-scaled.jpg\"){kind=link}
![<\/a><\/p>\nThe post Ripple Price Analysis: This Is XRP\u2019s Next Resistance Target After Gaining 15% Weekly<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ripple has recently experienced a resurgence of buying pressure around the crucial $0.5 support region, resulting in a strong price spike and reclaiming significant resistance levels. This renewed buying activity suggests an uptrend in the mid-term, with a potential target of the $0.66 resistance. XRP Analysis By Shayan The Daily Chart On the daily chart, […]<\/p>\n","protected":false},"author":0,"featured_media":19507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-19506","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19506"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19506"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/19506\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/19507"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/XRP-4H-2-scaled.jpg\"){kind=link}