altFINS

Millions

<p>XRP saw its price plummet after the lawsuit with the SEC. But after extensive sideways ranging, technical analysts have taken notice of early bullish signals emerging on the charts. With key resistance levels in play, the door may stand open for 24% near-term upside after crypto’s most prolonged consolidation period on record.</p> 
<h2 class="wp-block-heading" id="strong-bounce-at-0-54-offers-clues-to-range-break-ahead-strong"><strong>Bounce at $0.54 Offers Clues to Range Break Ahead</strong></h2> 
<p>As analyst Cryptoes <a href="https://twitter.com/cryptoes_ta/status/1760076080776348088" target="_blank" rel="noreferrer noopener nofollow">noted</a>, throughout its multi-month consolidation phase, XRP has consistently bounced off support around $0.54. But with the long-standing ceiling at $0.578 still intact, prices remain stuck, bouncing between two technical barriers.</p> 
<p>Only a decisive daily close above $0.578 resistance would confirm <a class="wpil_keyword_link" href="https://captainaltcoin.com/ripple-xrp-price-prediction/" title="XRP" data-wpil-keyword-link="linked" target="_blank">XRP</a> breaking from its ranged purgatory, according to Cryptoes. Until that final hurdle gets surpassed, bulls must continue playing defense around $0.54 support.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="650" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-765-1024x650.png" alt="" class="wp-image-441341" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-765-1024x650.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-765-300x191.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-765-767x487.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-765-1536x975.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-765-2048x1301.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-765-236x150.png 236w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-765-100x64.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-765-551x350.png 551w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-765-788x500.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-765.png 822w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<h2 class="wp-block-heading" id="strong-3-years-of-ranging-precedes-major-breakout-strong"><strong>3 Years of Ranging Precedes Major Breakout</strong></h2> 
<p>X account 25hoursawake <a href="https://twitter.com/25hoursawake/status/1760023271674724631" target="_blank" rel="noreferrer noopener nofollow">offers</a> added context on the grueling sideways chop that XRP has contended with its earlier parabolic peak. After three painful years of directionless price action, he believes XRP may finally approach an inflection point.</p> 
<p>With range resistance wearing down through repeated tests, the coiled spring appears ready to unleash based on historically analogous setups. Still, a clear upside confirmation remains pending.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="557" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-766-1024x557.png" alt="" class="wp-image-441349" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-766-1024x557.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-766-300x163.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-766-767x417.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-766-1536x835.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-766.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-766-276x150.png 276w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-766-100x54.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-766-644x350.png 644w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-766-788x428.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<h2 class="wp-block-heading" id="strong-technicals-support-reversal-potential-strong"><strong>Technicals Support Reversal Potential</strong></h2> 
<p>Offering an additional layer of insight, <a href="https://altfins.com/crypto-screener" target="_blank" rel="noreferrer noopener nofollow">altFINS</a> points to improving technicals on XRP’s price charts. XRP’s breakout from the confines of a multi-month downtrend channel signals a bullish trend change, according to their analytics.</p> 
<p>With price stability also reasserting itself above the key $0.54 support, the initial measured move upside target sits around $0.68 – representing 24% prospective gains from breakout confirmation.</p> 
<p>After crypto’s most grueling bear market on record, the conditions for volatile reversals may now come into focus. XRP has notably weathered immense selling pressure in the face of SEC litigation and delistings from major exchanges.</p> 
<p>Years of ranging later, the ultimate contrarian opportunity could emerge if range resistance finally falters for a new bull market. But XRP bulls still await definitive proof of that next breakout catalyst before calling an end to the long crypto winter.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/ethereum-will-likely-outrun-bitcoin-btc-this-week-analyst-forecasts-next-leg-up-for-eth/" target="_blank" rel="noreferrer noopener">‘Ethereum Will Likely Outrun Bitcoin (BTC) This Week’, Analyst Forecasts Next Leg Up for ETH</a></li> 
 <li><a href="https://captainaltcoin.com/japans-jasmycoin-price-soars-amid-whale-movements-can-jasmy-hit-new-ath-pay-attention-to-this-metric/" target="_blank" rel="noreferrer noopener">Japan’s Jasmycoin Price Soars Amid Whale Movements: Can JASMY Hit New ATH? Pay Attention To This Metric</a></li> 
 <li><a href="https://captainaltcoin.com/blockdags-2-million-giveaway-and-5000x-rois-pull-in-investors-from-scapesmania-and-solana/" target="_blank" rel="noreferrer noopener">BlockDAG’s $2 Million Giveaway and 5000x ROIs Pull in Investors from ScapesMania and Solana</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/ripple-xrp-flashes-signs-of-life-after-multi-year-consolidation-analysts-expect-a-breakout-to-this-level/">Ripple (XRP) Flashes Signs of Life After Multi-Year Consolidation, Analysts Expect A Breakout To This Level</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Ripple (XRP) Flashes Signs of Life After Multi-Year Consolidation, Analysts Expect A Breakout To This Level

Table of Contents

CaptainAltcoin

Другие статьи, опубликованные 21 февр. 2024 г.

International Operation Shuts Down LockBit, World’s Most Prolific Cyber Crime Group

Which Tokens Will Experience Exponential Growth During This Bullish Year? SMOG and BTCMTX Top The...

Sam Bankman-Fried to appear in court over lawyer conflict

CoinMarketCap Introduces First-Ever Crypto Awards

India’s AI Market Set to Reach $17 Billion CAGR by 2027

Ethereum Whale Buys $166 Million Worth of ETH in Just Three Days

Join our free newsletter for daily crypto updates!