XRP Chart Analysis: Old-school coins are pumping!
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
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~ High time frame (HTF) market bottom and top calls.
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~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
XRP recently pumped 48% from $0.3812 to $0.5659, creating interest for old-school XRP hodlers.
The price is currently facing two important resistance levels:
- The 0.618 Fib Retracement at $0.5350
- The 50 EMA resistance at $0.5210
To reach the resistance trendline at $0.62,XRP must break through these two resistance levels. A rejection is likely to drop the price back to the pavilion.
Key Observations:
- Primary Resistance: 50EMA and 0.618 Fib Retracement at $0.5350.
- Higher Resistance: $0.62.
- Support: $0.4148.
DYOR before making any decision. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
Now, let’s dive into this chart analysis:
XRP recently pumped 48% from $0.3812 to $0.5659, creating interest for old-school XRP hodlers.The price is currently facing two important resistance levels:
- The 0.618 Fib Retracement at $0.5350
- The 50 EMA resistance at $0.5210
To reach the resistance trendline at $0.62,
XRP must break through these two resistance levels. A rejection is likely to drop the price back to the pavilion.Key Observations:
- Primary Resistance: 50EMA and 0.618 Fib Retracement at $0.5350.
- Higher Resistance: $0.62.
- Support: $0.4148.
DYOR before making any decision. NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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