Lokesh Gupta
05-02-2024
XRP price faced resistance at $0.5400 and started a fresh decline against the US dollar.
Struggling to surpass $0.5200, in contrast to Bitcoin's performance.
Risk of further decline if it drops below the crucial $0.500 support in the near term.
$XRP has maintained above $0.5 in early 2024 but shows a downward trend since then.
A declining trendline on the daily chart indicates the bearish momentum.
XRP is at a critical juncture, with a potential descending triangle breakout to break the stagnant movement.
Coingabbar's analysis indicates that the minimum $XRP price prediction 2030 will be around $3.00.
According to CoinGabar Prediction, XRP Price Prediction 2050 may reach a minimum of 2000 XRP price in inr.
KEY LEVELS :
RESISTANCE LEVEL : $0.5200-$0.5400
SUPPORT LEVEL : $0.4900-$0.4700
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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