Lokesh Gupta
16-02-2024
XRP coin has been forming a descending channel pattern since early December 2023.
$XRP broke through the resistance at 54 cents, marking a potential shift from its mid-November 2023 downtrend.
The latest bullish momentum managed to breach the declining resistance, coinciding with the 0.618 Fibonacci level.
Currently trading near the 200 Day MA, a break above this MA could further support bullish sentiments.
XRP's price seems to follow a pattern aiming to reach the neckline of the parabolic curve at $0.62.
According to Coingabbar's analysis, XRP Price Prediction 2030 will be approximately $3.00.
XRP Price Prediction 2050 suggests that it may reach a minimum of 2000 $XRP price in inr.
KEY LEVELS :
RESISTANCE LEVEL : $0.5800-$0.6000
SUPPORT LEVEL : $0.5400-$0.5200
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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