XRP Makes Strong Comeback in Recent Rally – Is the Bullish Trajectory Sustainable?
XRP has shown resilience with a remarkable 25% price surge over the past week, demonstrating a robust recovery trajectory after dipping to $0.39 in July.
This uptrend has reinvigorated market confidence, especially as XRP now trades above the $0.53 mark.
Analyst Dark Defender’s bullish outlook is reinforced by the Fisher Indicator on the weekly chart, signaling a bullish reversal and highlighting XRP’s potential for further gains.
Ladies & gentlemen, #XRP had the highly bullish Reversal approval for the Fisher Indicator weekly.
Initial resistance instantly broke at $0.4623!
Our interim Fibonacci Level, $0.5286, is being tested. It would be great to close this week’s candle above $0.53.
Next week, we… pic.twitter.com/lYR7QAdblB
— Dark Defender (@DefendDark) July 14, 2024
As XRP continues to test critical resistance levels, including the Fibonacci level at $0.5286, traders and investors are closely watching its ability to maintain momentum above $0.53 by the week’s end.
A sustained closure above this level could pave the way for an extended bullish phase, potentially targeting higher price levels.
The cryptocurrency community is particularly focused on whether XRP can breach the $0.57 resistance barrier, which historically has triggered retracements.
Breaking through this hurdle would likely set XRP on a path towards testing the next significant target at $0.62, while failure to do so might lead to consolidation around current levels.
XRP Stuck Between Key Levels as Market Awaits Breakout or Breakdown
XRP is currently navigating a pivotal moment, according to a new report from crypto analytics firm MakroVision. While the broader downward trajectory hasn’t reversed, the asset appears to be entering a phase of consolidation. Analysts at MakroVision highlight that XRP is struggling to decisively move beyond a key resistance zone between $2.19 and $2.30. This […]
Can XRP Overcome Resistance, or Is a Drop to $2 Next?
XRP, one of the top altcoins by market cap, held steady around $2.35 on March 27, despite mounting selling pressure. Traders have poured nearly $400 million into short positions over the past month, creating a barrier that has kept the price from breaking higher. With April approaching, the question is whether XRP can overcome this […]
Analysts Predict Massive XRP Surge – Could Triple Digits Be Next?
Analysts are making bold predictions about XRP’s future, with XRP Captain suggesting it could hit triple digits this cycle, though he provided no clear timeline or catalyst. Egrag Crypto expects XRP to reach double digits now and triple digits in the next cycle, while Dark Defender sees a potential surge to $333 if history repeats. […]
Is XRP on the Verge of a Massive Breakout?
XRP has been struggling to gain momentum, following the broader decline in the cryptocurrency market after the recent White House Crypto Summit. While price action remains volatile, analysts believe the token still holds significant long-term potential. Some experts suggest that XRP could replicate its historic bull run from 2017-2018, when it skyrocketed over 700%. If […]
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1
Can XRP Overcome Resistance, or Is a Drop to $2 Next?
30.03.2025 4:10 2 min. read -
2
XRP Makes Strong Comeback in Recent Rally – Is the Bullish Trajectory Sustainable?
15.07.2024 16:00 2 min. read -
3
XRP Price Analysis: Key Levels to Watch as Bullish Momentum Builds
16.01.2025 16:30 2 min. read -
4
XRP Targets $10 Amid Consolidation, Key Resistance Levels in Focus
28.01.2025 15:00 2 min. read -
5
XRP May Be Heading for a Major Price Surge – Here is Why
30.07.2024 13:37 1 min. read
