Tron pulls back from its recent peak, what about Ripple?
- The price of Ripple pulled back yesterday to a support level of 0.5327.
- The Tron price has stalled a bit on its bullish rally.
Ripple chart analysis
The price of Ripple pulled back yesterday to a support level of 0.5327. We find support at that level and recover to the 0.5500 level. Here, we encounter the EMA200, which prevents us from moving above. This leads to a pullback to 0.5400 and a new bullish consolidation and testing of the 0.5500 level. We need a stronger impulse that would move us above and increase the chances of a bullish trend.
Potential higher targets are 0.5550 and 0.5600 levels. We would have to break below the 0.5400 level for a bearish option. This would move the pressure to the daily support zone. A break below drops us to a test of this week’s support zone. Potential lower targets are 0.5350 and 0.5300 levels.
Tron chart analysis
The Tron price has stalled a bit on its bullish rally. We are moving for the second day in the 0.13850000-0.14100000 range. We remain high and expect to see a continuation to the bullish side with the formation of a new high. Potential higher targets are 0.14150000 and 0.14200000 levels.
The price would have to first break below the 0.13850000 support level for a bearish option. There would be an increase in pressure on the price, and if it gives way, it will be followed by a retreat to lower levels. Potential lower targets are 0.13800000 and 0.13750000 levels. For now, we are thinking about the bullish side and the continuation of the previous trend.
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