Lokesh Gupta
03-04-2024
#XRP faces resistance below $0.6000. To rise, it must maintain support above $0.5500.
Daily chart shows Ripple's market activity slowing down, with prices consolidating sideways at low volatility levels following a notable decline from $0.75.
Despite slowing down, $XRP finds strong support near $0.58 and the triangle's lower boundary, indicating buying at these levels.
Daily chart analysis hints that $XRP is close to breaking out of a triangle pattern, indicating a potential market dynamic shift.
If there's a positive turnaround, XRP could break the previous resistance at $0.65, aiming for $0.75 and potentially $1 with increased bullish momentum.
If the market continues to decline, XRP might drop below $0.57, targeting the $0.55 support zone. Further decline to $0.50 is possible with prolonged bearish trends.
According to Coingabbar's analysis, XRP price prediction 2030 is forecasted to reach $10, XRP Price Prediction $500 potentially hit in 2050.
KEY LEVELS :
RESISTANCE LEVEL : $0.6400-$0.7000
SUPPORT LEVEL : $0.5500-$0.5000
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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