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HomeTechnical AnalysisRipple XRP Price Chart - Technical Analysis Crypto

Ripple XRP Price Chart – Technical Analysis Crypto

As on July 13, 2023 RIPPLE is priced at $0.72. From a technical analysis perspective, XRP price chart today presently experiencing a uptrend on the daily timeframe. The price resides above the 50 and 20 weekly EMA indicating a bullish sentiment.

To comprehend the existing levels of support and resistance for RIPPLE, we must examine the historical price data. Analyzing XRP daily chart reveals a trading range of $0.72 to $0.58 over the recent days.

Ripple XRP crucial support level lies at $0.68 significantly impacting the cryptocurrency. A dip below this level could potentially lead to further price decline, with the subsequent support level positioned at $0.58.

Conversely, XRP current resistance level resides at $0.78. A successful breakthrough beyond this level may initiate a bullish trend, with the subsequent resistance level set at $0.92.

Utilizing technical analysis indicators such as the Relative Strength Index RSI and Moving Averages can enhance our comprehension of the prevailing trend.

The RSI currently demonstrates a reading of 75-80 indicating a bullish zone where the bulls hold significant dominance. Also overpriced zone.

Ripple XRP Price Chart Technical Analysis Crypto

XRPUSDT 2023 07 RIPPLE XRP PRICE CHART TODAY TECHNICAL ANALYSIS

Regarding Fibonacci levels, from the top of $1.96 to the recent bottom of $0.28 on the weekly timeframe, ripple displaying bullish momentum. XRP price experienced a breakout from 0.236 fib level and found support at the $0.68 to $0.72 level indicating bullish sign. XRP PRICE is currently trading above the 0.236 level which stands at $0.68.

Additionally the horizontal line in the above image is providing resistance to XRP as the same price. It this level is broken, the next resistance will be at $0.92. This level holds significance as a potential support or resistance level within the trend.

Based on Fibonacci extensions and previous resistance levels, the upcoming targets for ripple are $0.78, $0.92 and $1.

However, failure to sustain above $0.68 might prompt further selling pressure, potentially driving ripple towards key support levels at $0.58 and $0.54

Utkarsh - CoinFTA
Utkarsh - CoinFTA
Meet Utkarsh, your trusted crypto analyst with over 6 years of experience in the dynamic world of cryptocurrency. Since entering the crypto space in 2017, Utkarsh has honed his technical analysis skills and become a seasoned expert in fundamental and technical analysis. With a passion for uncovering market trends and identifying lucrative investment opportunities, Utkarsh delivers insightful analysis to empower traders and investors. From evaluating crypto projects to exploring the possibilities of the DeFi, Metaverse, NFTs, Web3, AI and blockchain gaming, Utkarsh covers the full spectrum of the crypto ecosystem. Join COINFTA and let Utkarsh guide you through the exciting world of crypto with expertise and precision.
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