COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Ripple Technical Analysis: Important Levels to Watch
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Ripple (XRP) > Ripple Technical Analysis: Important Levels to Watch
Ripple (XRP)

Ripple Technical Analysis: Important Levels to Watch

In Brief

  • Technical analysis is an essential tool for investors in the cryptocurrency market, especially those trading in the futures market. So, what does technical analysis tell us about Ripple, which is currently trading at $0.6178? Let’s delve into a detailed chart analysis, examining important support and resistance levels.ContentsDaily Chart Analysis for RippleTwo-Hour Chart Analysis for Ripple […]
COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Technical analysis is an essential tool for investors in the cryptocurrency market, especially those trading in the futures market. So, what does technical analysis tell us about Ripple, which is currently trading at $0.6178? Let’s delve into a detailed chart analysis, examining important support and resistance levels.

Contents
Daily Chart Analysis for RippleTwo-Hour Chart Analysis for Ripple

Daily Chart Analysis for Ripple

The most crucial formation to watch on the daily chart for Ripple is the ascending channel formation. During the rally on November 14, XRP encountered a significant resistance line and faced a significant correction. In the process, XRP has been consolidating in a narrow range in recent bar closings, waiting for a breakout in either direction to determine the trend.

The most important support levels to watch for Ripple on the daily chart are $0.6039, $0.5863, and $0.5594, respectively. If the daily bar closes below the intersection of EMA 200 (red line) and the $0.5594 level, it could lead to significant selling pressure for XRP.

The most important resistance levels for Ripple on the daily chart are $0.6290, $0.6500, and $0.6717, respectively. If the daily bar closes above the significant barrier at $0.6290, it could propel XRP to gain momentum.

Two-Hour Chart Analysis for Ripple

The descending channel formation stands out in the two-hour chart analysis for Ripple. Despite a significant breakout during the rally on November 14, the formation remained as a mere spike, highlighting its importance. After attempting a breakout, XRP faced selling pressure following a failed breakout attempt.

The most important support levels to watch for XRP on the two-hour chart are $0.6132, $0.6021, and $0.5919, respectively. If the bar closes below the key support line at $0.6132, it could lead to selling pressure for XRP.

The most important resistance levels to watch for XRP on the two-hour chart are $0.6259, $0.6370, and $0.6529, respectively. If XRP breaks above the significant barrier at $0.6370, it could accelerate its upward momentum.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

XRP Overtakes Tether as New Speculations Stir Market Excitement

XRP Defies Odds and Aims Skyward: Essential Catalysts in Action

XRP Defies Market Trends with Surprising Price Surge

Trump’s Social Media Move Ignites Crypto Buzz

Trump’s Ripple Comment Sparks Unexpected Political Turmoil

COINTURK NEWS 27 November, 2023 - 3:08 am 27 November, 2023 - 3:08 am
Share This Article
Facebook Twitter
Share
Previous Article Paradigm Criticizes Blast’s Protocol Marketing Strategy
Next Article Bitcoin’s Future Price Increase is Expected with the Potential Approval of Bitcoin Spot ETF, According to Analyst Michaël van de Poppe
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Companies Supercharge Bitcoin Purchases in a Landmark Year
Bitcoin (BTC)
Thailand Takes Bold Step with $150 Million G-Token Initiative
Cryptocurrency News
Exciting Surge As Major Companies Snap Up Bitcoin
Cryptocurrency News
Crypto Markets Surge: Altcoin Bulls Are On the Move!
Ethereum (ETH)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?