Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
- XRP has a strong bullish outlook on the higher timeframe price charts.
- A near-term pullback toward $0.55 could be in the making.
Ripple [XRP] was the fifth largest cryptocurrency at press time with a $32.8 billion market capitalization. AMBCrypto previously reported that whale accumulation was going strong, and new wallet addresses were being created.
Read Ripple’s [XRP] Price Prediction 2023-24
This positive sentiment led to XRP climbing above a resistance level that has been in play since August. An analysis of XRP’s price action on 30 October revealed that a bullish breakout was imminent. This analysis has since been vindicated.
The Fibonacci levels showed a short-term retracement could commence
Source: XRP/USDT on TradingView
The $0.55 level was the high of the two-month range (green). The move above this level on 24 October saw the one-day market structure shift bullishly. The past week saw XRP rally from $0.5325 to $0.6262, but the past few hours saw XRP bulls repulse at least momentarily.
If this were the beginning of a pullback, a move to the $0.567 and $0.552 levels could occur. A retest of these retracement levels would offer a buying opportunity as the daily market structure remained bullish.
The RSI was well above the neutral 50 mark to highlight strong upward momentum. The On-Balance Volume (OBV) also trended higher since mid-October. The OBV signaled buying volume has been higher and supported the idea that XRP could register more gains.
The positives and negatives for long-term XRP bulls from on-chain metrics
Source: Santiment
One of the positives was the development activity. Although it saw peaks and troughs, it has continued regardless of the price action and reflected the team was hard at work with maintenance and upgrades. However, the weighted sentiment has dropped into negative territory once more.
Is your portfolio green? Check the XRP Profit Calculator
Social media engagement leaned in favor of the bears, and the age-consumed metric saw an enormous spike on 31 October. This signaled a large number of tokens moved across addresses, and was a likely signal of a large wave of selling.
Combined with the drop in mean coin age in the past few days, there was a good likelihood of XRP falling toward $0.55.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
- XRP has a strong bullish outlook on the higher timeframe price charts.
- A near-term pullback toward $0.55 could be in the making.
Ripple [XRP] was the fifth largest cryptocurrency at press time with a $32.8 billion market capitalization. AMBCrypto previously reported that whale accumulation was going strong, and new wallet addresses were being created.
Read Ripple’s [XRP] Price Prediction 2023-24
This positive sentiment led to XRP climbing above a resistance level that has been in play since August. An analysis of XRP’s price action on 30 October revealed that a bullish breakout was imminent. This analysis has since been vindicated.
The Fibonacci levels showed a short-term retracement could commence
Source: XRP/USDT on TradingView
The $0.55 level was the high of the two-month range (green). The move above this level on 24 October saw the one-day market structure shift bullishly. The past week saw XRP rally from $0.5325 to $0.6262, but the past few hours saw XRP bulls repulse at least momentarily.
If this were the beginning of a pullback, a move to the $0.567 and $0.552 levels could occur. A retest of these retracement levels would offer a buying opportunity as the daily market structure remained bullish.
The RSI was well above the neutral 50 mark to highlight strong upward momentum. The On-Balance Volume (OBV) also trended higher since mid-October. The OBV signaled buying volume has been higher and supported the idea that XRP could register more gains.
The positives and negatives for long-term XRP bulls from on-chain metrics
Source: Santiment
One of the positives was the development activity. Although it saw peaks and troughs, it has continued regardless of the price action and reflected the team was hard at work with maintenance and upgrades. However, the weighted sentiment has dropped into negative territory once more.
Is your portfolio green? Check the XRP Profit Calculator
Social media engagement leaned in favor of the bears, and the age-consumed metric saw an enormous spike on 31 October. This signaled a large number of tokens moved across addresses, and was a likely signal of a large wave of selling.
Combined with the drop in mean coin age in the past few days, there was a good likelihood of XRP falling toward $0.55.
order cheap clomid price buying cheap clomid no prescription can you get generic clomid pills where to buy cheap clomiphene without prescription where to buy generic clomid tablets where to buy clomiphene clomid bula profissional
This is the kind of scribble literary works I in fact appreciate.
The reconditeness in this serving is exceptional.
azithromycin sale – sumycin pill flagyl price
rybelsus 14 mg brand – buy generic cyproheptadine purchase periactin
order domperidone generic – buy motilium 10mg online cheap cost flexeril
inderal 10mg usa – buy inderal 10mg online cheap order methotrexate 5mg
amoxicillin over the counter – purchase combivent pill ipratropium canada
augmentin 625mg pill – https://atbioinfo.com/ generic ampicillin
order nexium 40mg online – nexiumtous buy esomeprazole for sale
coumadin oral – https://coumamide.com/ how to buy cozaar
buy meloxicam 15mg online cheap – https://moboxsin.com/ order mobic generic
buy generic deltasone 40mg – corticosteroid deltasone 10mg cheap
natural pills for erectile dysfunction – medicine erectile dysfunction medicine erectile dysfunction
purchase amoxicillin without prescription – combamoxi cheap amoxicillin online
fluconazole uk – on this site fluconazole 200mg us
cenforce for sale online – purchase cenforce without prescription buy generic cenforce online
cialis canada – cialis 100mg review cialis for ed
does cialis lowers blood pressure – cialis generic 20 mg 30 pills cialis coupon walgreens
purchase zantac – on this site order zantac 150mg
cheap generic viagra india – order viagra with paypal buy viagra kenya
Facts blog you possess here.. It’s hard to espy elevated status script like yours these days. I really respect individuals like you! Go through vigilance!! amoxicillin amoxil
Thanks on sharing. It’s top quality. https://buyfastonl.com/
This is the kind of delivery I turn up helpful. https://ursxdol.com/furosemide-diuretic/
The vividness in this piece is exceptional. https://prohnrg.com/
Palatable blog you procure here.. It’s obdurate to assign strong worth belles-lettres like yours these days. I truly appreciate individuals like you! Take mindfulness!! https://aranitidine.com/fr/levitra_francaise/
I couldn’t weather commenting. Warmly written! https://ondactone.com/simvastatin/
With thanks. Loads of erudition! https://www.google.com.jm/url?sa=t&url=https://www.storeboard.com/xpregain
More posts like this would persuade the online time more useful. http://zqykj.com/bbs/home.php?mod=space&uid=302439
buy forxiga 10mg for sale – https://janozin.com/# dapagliflozin 10mg for sale
purchase xenical – click xenical 60mg pill
Facts blog you procure here.. It’s obdurate to assign high worth belles-lettres like yours these days. I honestly respect individuals like you! Take care!! https://myrsporta.ru/forums/users/ogctz-2/