要約
Ripple has experienced a30% recovery in the last ninedays. The bulls have taken control of the market in the shortterm. But the main question is whether the bearish market can be considered over for the mid-term? On the daily timeframe, XRP moves downward within a descending channel . The bottom of this channel is currently acting assupport, preventing further pricedeclines. Theshort-term buying pressure has pushed the price towards the horizontal resistance at$0.4 . The bulls are facing two challenges: Against Bitcoin, XRP has performed evenbetter, charting gains upwards of45% in twoweeks. The price has also broken the critical resistance at 1700 Sats . Presently, the dynamic resistance has prevented the bulls from pushing forward. Disclaimer: Information found on CryptoPotato is those of writersquoted. It does not represent the opinions of CryptoPotato on whether tobuy,sell, or hold anyinvestments. You are advised to conduct your own research before making any investmentdecisions. Use provided information at your ownrisk. See Disclaimer for more information.
本文翻訳
Ripple has experienced a 30% recovery in the last nine days. The bulls have taken control of the market in the short term. But the main question is whether the bearish market can be considered over for the mid-term? Technical Analysis By Grizzly The Daily Chart On the daily timeframe, XRP moves downward within a descending channel (in yellow). The bottom of this channel is currently acting as support, preventing further price declines. The short-term buying pressure has pushed the price towards the horizontal resistance at $0.4 (in blue). The bulls are facing two challenges: 1- Breaking the horizontal resistance at $0.4. 2- Breaking the critical horizontal resistance at $0.5 (in red), which intersects with the channel’s midline. To claim the second resistance, buyers must be able to increase the price by 40%. If this happens, it remains to be seen if buyers have enough capital to maintain the price above $0.5. In this case, liquidating the short positions will accelerate the bullish trend. On the other hand, if bears regain control of the market, the recent uptrend has been nothing more than a dead cat bounce. Key Support Levels: $0.32 & $0.22 Key Resistance Levels: $0.40 & $0.50 Moving Averages: MA20: $0.34 MA50: $0.39 MA100: $0.56 MA200: $0.80 The XRP/BTC chart Against Bitcoin, XRP has performed even better, charting gains upwards of 45% in two weeks. The price has also broken the critical resistance at 1700 Sats (in yellow). Presently, the dynamic resistance (in red) has prevented the bulls from pushing forward. If buyers succeed in crossing this area, it will be easy to reach 2000 Sats. If that’s the case, the bearish trend of late might be challenged. Key Support Levels: 1700 Sats & 1550 Sats Key Resistance Levels: 1800 Sats & 2000 Sats SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms). PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits. Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information. Cryptocurrency charts by TradingView.