- This morning, Ripple price fell to a new weekly low of 0.5743
- This morning, we saw a new weekly low for Tron price at the 0.149421 level.
Ripple Chart Analysis
This morning, Ripple price dropped to a new weekly low of 0.5743. Soon after, a bullish consolidation started and a pullback was made above 0.5850 and the EMA 200 moving average. With the help of the EMA 200, the price rose to levels of 0.5915, a new daily high. We are now encountering a resistance zone around 0.5925. We will struggle for Ripple to make a fresh push if it plans to start further growth and recovery.
Possible upper targets are 0.5950 and 0.6000 levels. If we consider a bearish option, the price would have to retreat below the 200 EMA and 0.5830. With such a move, we retreat below the daily opening price and move to the bearish side. After that, Ripple keeps trying to start a fresh pullback towards a new low. Possible lower targets are 0.5750 and 0.5700 levels.
Tron Chart Analysis
This morning, we saw a new weekly low for the Tron price at the level of 0.149421. After that, it didn’t take us long to see the beginning of a bullish consolidation. A strong bullish formation on the chart brought the price back above the weekly opening level, forming a daily high at the level of 0.152500. The previous losses caused by the pullback have almost been eliminated, and everything indicates that Tron should continue on the bullish side.
The higher potential targets are 0.153000 and 0.153500 levels. For a bearish option, we need a negative consolidation and a price drop below the weekly opening level. With this, we move to the downside again and expect an increase in bearish pressure. The lower potential targets are 0.151500 and 0.151000 levels. Tron could slow down the decline in the 0.151000 zone by testing that EMA 200 moving average.
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(tags to translate)Ripple (XRP)
