cryptd.in

Alternative LinkedIn for Crypto-friendly Talents

Critical Warning for Ripple’s (XRP) Price After 30% Monthly Surge: Details

—

by

cryptd.in
in

TL;DR

  • Ripple’s cross-border token notched an impressive 30% surge from the crash this time last month, but an important technical indicator suggests that there might be a correction on its way.
  • For now, XRP remains within a tight range between a key resistance and a critical support line.

Recall the developments that took place a month ago when the entire crypto market plunged hard amid the escalating tensions on the Trade War front between the US and essentially the rest of the world.

Fast-forward a month, and the political situation seems a lot better, with reports that the US and China plan to meet soon regarding the remaining tariffs. Naturally, crypto prices have reacted to all developments.

A month ago, XRP plunged to $1.6 but now sits above $2.1. However, the TD Sequential on the 3-day scale hints at an upcoming correction. The metric, used to showcase an asset’s exhaustion in either direction, has flashed a sell signal, according to popular crypto analyst Ali Martinez.

Despite the brief slip below $2 a month ago, XRP has remained predominantly above that level. While some analysts believe that such a price is an ‘absolute gift,’ Martinez has highlighted multiple times how important it is for $2 to remain as support instead of turning into resistance if XRP slips below it.

In a separate post today, the analyst with over 135,000 followers on X also outlined the upper boundary in XRP’s current trading range – $2.26. The asset currently sits roughly in the middle of the two lines ($2.14), with no clear indication of the next big move. Martinez said more clarity will come whenever XRP decisively closes below $2 or above $2.26.

The post Critical Warning for Ripple’s (XRP) Price After 30% Monthly Surge: Details appeared first on CryptoPotato.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Feeds

Popular Categories

en_US English
en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Search the website

Popular Stories

Tags

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (293) #BitcoinETF (3) #BitcoinFundamentals (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCacquisition (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (54) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (59) #EthereumPain (1) #EthereumPrice (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #LegalAction (1) #LegalImpact (1) #Legislation (1) #LightningNetwork (1) #MarketAnalysis (3) #MarketMonitoring (1) #MarketPrediction (1) #MarketPredictions (1) #MarketProjection (1) #MarketSupport (1) #MarketVolatility (1) #Marriage (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitability (1) #MoneyLaundering (2) #MtGox (3) #NorthKoreaCrypto (1) #NovogratzPrediction (1) #PriceMilestone (1) #PricePrediction (2) #PriceQuestion (1) #PriceSurge (1) #PrisonSentence (1) #QuantAnalysis (1) #RegulatoryPressure (1) #SECAntiCrypto (1) #ShibaInu (4) #SocialBuzz (1) #TechnicalAnalysis (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

Useful Links

Links I found useful and wanted to share.