Ripple’s XRP has experienced a blend of rises and falls, recently moving past the $0.532 resistance and peaking near $0.5493. Dark Defender offers a short-term bullish outlook, projecting potential hikes toward $0.66.Upon analyzing the 4-hour chart for the XRP/USD trading pair, a key bullish trend line with proximate support near the $0.504 point is revealed. XRP is sustaining a position above $0.505 and is above the 100 simple moving average (4 hours).If XRP manages to break through the $0.532 resistance zone, it could potentially elevate its market position. The currency could traverse beyond the immediate resistance near $0.515 and the connecting bearish trend line at $0.520, and if successful, could reach the $0.550 resistance.Potential pitfalls should also be taken into consideration. If XRP fails to break through the $0.532 resistance zone, it could experience a downward trend. Initial support in such a bearish movement could materialize near the $0.5065 zone, with subsequent major support expected at the $0.500 mark.A renowned cryptocurrency analyst, Dark Defender, anticipates a short-term bullish movement for XRP, possibly reaching the $0.66 marker within the ensuing week. Long-term forecasts show a route towards strategic thresholds, and there is anticipation that XRP will surpass the $0.55 mark and move over the weekly Ichimoku Clouds. After successfully navigating the $0.66 mark, XRP may aim for the $1.33 apex.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | None |
| Companies | SEC, Dark Defender, Coinbase, FCA, eToro, CySEC, FINRA |
| Currencies | XRP, Bitcoin, Ethereum, US Dollar |
| Securities | None |
