Ripple Price Reaches 0.5380: What can We Expect Next?
- Last night, we saw the Ripple price jump to the 0.5380 level.
- Tron price continues last week’s bullish trend at the beginning of this week.
Ripple chart analysis
Last night, we saw the Ripple price jump to the 0.5380 level. That’s where we encounter resistance and start a pullback that continues today, and price have dropped to the 0.5282 level. We are under pressure at the 0.5300 level, and the picture is such that we expect a pullback to the next lower support.
Potential lower targets are 0.5250 and 0.5200 levels. Ripple will have additional support in the EMA200 moving average in the zone around the 0.5200 level.
We need to move above the 0.5300 level for a bullish option first. After consolidation above that level, the price would have good support for a new bullish impulse.
Then, we can expect a new testing of this week’s high, but we can also see a break above and the formation of a new one. Potential higher targets are 0.5350 and 0.5400 levels.
Tron chart analysis
Tron price continues last week’s bullish trend at the beginning of this week. On Monday, we get strong support at the 0.12400000 level and continue with bullish consolidation up to the 0.12426700 level. We paused at that level and pulled back slightly to the 0.12500000 support level. Since then, we have returned in bullish consolidation and expect to break the previous high and move further towards last week’s level above 0.12700000.
Potential higher targets are 0.12800000 and 0.12900000 levels. For a bearish option, we need a negative consolidation and pullback to this week’s support at the 0.12400000 level. A break below would mean that Tron does not have the strength to start growing and that we will be looking for a new support level. Potential lower targets are 0.12300000 and 0.12200000 levels.
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