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 (XRP) Price Analysis: Will XRP Coin Break $0.55?
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 (XRP) Price Analysis: Will XRP Coin Break $0.55?
Ripple (XRP)

Ripple (XRP) Price Analysis: Will XRP Coin Break $0.55?

In Brief

  • The king of cryptocurrencies continues to find buyers near the $28,000 level over the weekend. Excitement among investors began in October. If the BTC price can turn the $28,143 resistance into support, altcoins may run to higher local highs. So, what is the current situation with XRP Coin?ContentsRipple (XRP) AnalysisXRP Coin Price Target Ripple (XRP) […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

The king of cryptocurrencies continues to find buyers near the $28,000 level over the weekend. Excitement among investors began in October. If the BTC price can turn the $28,143 resistance into support, altcoins may run to higher local highs. So, what is the current situation with XRP Coin?

Contents
Ripple (XRP) AnalysisXRP Coin Price Target

Ripple (XRP) Analysis

On August 17, sellers of the popular cryptocurrency could not pull the price down to deeper lows, creating a long lower wick. This candle, which is a sign of buying pressure, later allowed the price to move relatively sideways.

The XRP price broke out of the decreasing resistance trend line three days after making a lower low on September 11. This led to the price reaching a peak of $0.55 at the end of September. The latest developments in terms of news were in favor of XRP Coin. The court did not accept the SEC‘s interlocutory appeal.

This means that at least until April, XRP Coin sales on exchanges cannot be considered as securities/investment contracts. However, this news did not trigger the expected increase in price.

Despite facing rejection at the $0.55 resistance level, on October 2, a bullish engulfing candlestick was formed. This type of bullish candlestick eliminates the entire previous period of decline. However, it did not enable the breakthrough of the resistance.

XRP Coin Price Target

Readings on the daily chart and wave count indicate that the price increase may continue. The RSI data also supports the rise. According to the Elliott wave count, XRP movement since the August 17 low indicates an A-B-C structure. Elliott wave count provides traders with an idea about the detection of long-term movements and the direction of the masses, and it has a high success rate.

According to Elliott, the targets of $0.58 and $0.66 seem testable in the future. The daily RSI also supports the increase in XRP price. If the RSI is above the neutral zone and the trend is upward, the price increase may continue. Additionally, the positivity in BTC price also appears to be supportive for XRP Coin price.

Investors should pay attention to the next resistance test at $0.55. If another rejection occurs, it means the end of the uptrend. In this scenario, we may see a double-digit drop to $0.41 on closes below $0.49.

Disclaimer: The information in this article does not constitute investment advice. Investors should be aware of the high volatility and therefore the risk associated with cryptocurrencies and should conduct their own research.
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 Surges Past $2.50, Catching Investor Attention Again

XRP’s Meteoric Rise Attracts Crypto Enthusiasts Worldwide

XRP Rockets to Third Place with CME’s Launch of Futures Contracts

XRP Overtakes Tether as New Speculations Stir Market Excitement

XRP Defies Odds and Aims Skyward: Essential Catalysts in Action

COINTURK NEWS 7 October, 2023 - 1:03 pm 7 October, 2023 - 1:03 pm
Share This Article
Facebook Twitter
Share
Previous Article Shibarium Network Reaches an Important Milestone in Solving Ethereum’s Scalability Issues
Next Article Investment Trends and Analysis for the Crypto Sector: 2023 3rd Quarter Report
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

Crypto Turbulence Strikes: Traders Juggle Gains and Market Corrections
Cryptocurrency News
Bitcoin Hits $1 Million: A Bold Prediction Ignites Intrigue
Bitcoin (BTC)
Ukraine Embraces Bitcoin as a Strategic National Reserve Asset
Bitcoin (BTC)
New Era in Ethereum Wallets Empowers Users with Enhanced Features
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?