Ripple\u2019s recent price surge reflects robust bullish momentum, but a short-term consolidation correction seems imminent as market conditions signal an overbought state.<\/p>\n
By Shayan<\/a><\/p>\n Ripple\u2019s extended consolidation near the $0.6 threshold ended with an explosive 158% price rally, reclaiming the 100 and 200-day moving averages.<\/p>\n This price action signals a strong shift toward a bullish market. However, the rally reached a yearly high of $1.3, coinciding with a significant swing high from November 2021, a region filled with potential selling pressure.<\/p>\n The RSI indicator shows overbought conditions, suggesting that Ripple might be poised for a corrective consolidation. This phase is expected within the $0.9-$1.3 range as the market digests the recent rally and prepares for the next move.<\/p>\n <\/a>Source: TradingView<\/p>\n On the 4-hour chart, the impulsive rally brought Ripple to the $1.3 resistance zone, leading to a temporary rejection due to significant supply at this level. This rejection allows the market to cool off and gives participants an opportunity to realize profits.<\/p>\n The next likely scenario involves a retracement toward the $0.9-$1.0 region, with further correction targeting the 0.5 ($0.88) and 0.618 ($0.78) Fibonacci retracement levels.<\/p>\n This phase is essential to maintain a healthy uptrend and avoid overextension, setting the stage for the potential continuation of the bullish trend.<\/p>\n <\/a>Source: TradingView<\/p>\n The post Ripple Price Analysis: XRP Surges Above $1 but is a Correction Imminent This Week?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ripple\u2019s recent price surge reflects robust bullish momentum, but a short-term consolidation correction seems imminent as market conditions signal an overbought state. XRP Price Analysis By Shayan The Daily Chart Ripple\u2019s extended consolidation near the $0.6 threshold ended with an explosive 158% price rally, reclaiming the 100 and 200-day moving averages. This price action signals […]<\/p>\n","protected":false},"author":0,"featured_media":21438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21437","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\/21437"}],"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=21437"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21438"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Daily Chart<\/h2>\n
The 4-Hour Chart<\/h2>\n
![<\/a>Source: TradingView<\/p>\nThe 4-Hour Chart<\/h2>\nOn the 4-hour chart, the impulsive rally brought Ripple to the $1.3 resistance zone, leading to a temporary rejection due to significant supply at this level. This rejection allows the market to cool off and gives participants an opportunity to realize profits.<\/p>\nThe next likely scenario involves a retracement toward the $0.9-$1.0 region, with further correction targeting the 0.5 ($0.88) and 0.618 ($0.78) Fibonacci retracement levels.<\/p>\nThis phase is essential to maintain a healthy uptrend and avoid overextension, setting the stage for the potential continuation of the bullish trend.<\/p>\n<\/a>Source: TradingView<\/p>\nThe post Ripple Price Analysis: XRP Surges Above $1 but is a Correction Imminent This Week?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ripple\u2019s recent price surge reflects robust bullish momentum, but a short-term consolidation correction seems imminent as market conditions signal an overbought state. XRP Price Analysis By Shayan The Daily Chart Ripple\u2019s extended consolidation near the $0.6 threshold ended with an explosive 158% price rally, reclaiming the 100 and 200-day moving averages. This price action signals […]<\/p>\n","protected":false},"author":0,"featured_media":21438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21437","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\/21437"}],"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=21437"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21438"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/XRP-D-3-scaled.jpg\"){kind=link}
![<\/a>Source: TradingView<\/p>\nThe post Ripple Price Analysis: XRP Surges Above $1 but is a Correction Imminent This Week?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Ripple\u2019s recent price surge reflects robust bullish momentum, but a short-term consolidation correction seems imminent as market conditions signal an overbought state. XRP Price Analysis By Shayan The Daily Chart Ripple\u2019s extended consolidation near the $0.6 threshold ended with an explosive 158% price rally, reclaiming the 100 and 200-day moving averages. This price action signals […]<\/p>\n","protected":false},"author":0,"featured_media":21438,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-21437","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\/21437"}],"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=21437"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/21437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/21438"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2024\/11\/XRP-4H-3-scaled.jpg\"){kind=link}