Ripple Price Forecast & Analysis: 0.5000 to 0.5250 Range
- This week’s new high for the price of Ripple is at the 0.5181 level.
- Tron price was in a bullish consolidation yesterday, but we failed to reach this week’s high at 0.12777086.
Ripple chart analysis
This week’s new high for the price of Ripple is at the 0.5181 level. Yesterday, we saw consolidation above the 0.5000 level and growth above the EMA200 and 0.5100 levels. After that, we successfully held above those levels, which led to growth this morning.
Ripple stops there and pulls back to the support level again. If we manage to stay at the support levels, the price could start a new bullish consolidation and extend the two-day bullish trend.
Potential higher targets are 0.5200 and 0.5250 levels. We need a pullback below the EMA200 moving average for a bearish option. This would bring us back to the previous movement zone, and we would be under a certain bearish pressure to continue the retreat. Potential lower targets are 0.5050 and 0.5000 levels.
Tron chart analysis
Tron price was in a bullish consolidation yesterday, but we failed to reach this week’s high at 0.12777086. This morning’s growth was stopped at the 0.127103445 level, from which we started to pull back to support at the 0.12085240 level. We remain under pressure, expecting the price to lower and test the EMA200 moving average support. Potential lower targets are 0.12100000 and 0.12000000 levels.
We would first need to hold above the current support level for a bullish option. After that, a bullish consolidation is needed to trigger the Tron recovery. The price would again look at this morning’s levels, and we would test them again. Potential higher targets are 0.12400000 and 0.12600000 levels.
The post Ripple Price Forecast & Analysis: 0.5000 to 0.5250 Range appeared first on FinanceBrokerage.
