<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ripple-price-analysis-a-closer-look-at-market-movements/" data-wpel-link="internal">Ripple Price Analysis: A Closer Look at Market Movements</a><br></p>
<p class="p1" style="text-align: justify">The crypto market has been marked by a downturn today, dragging many <a href="https://coin-turk.com/analistten-bu-altcoine-kritik-uyari-her-sey-cok-farkli-olabilir" data-wpel-link="internal">altcoin</a> projects’ investors into fear and concern. During this period, <a href="https://coin-turk.com/dikkat-santiment-raporladi-ripple-xrp-bunlara-hazirlikli-olun" data-wpel-link="internal">Ripple</a> extended its last consolidation phase and witnessed an 8% drop towards the critical support level of $0.60. However, <a href="https://en.coin-turk.com/xrp-spot-etf-gains-positive-market-response/" data-wpel-link="internal">Ripple</a>‘s price is expected to find support and experience a modest recovery towards the $0.70 level.</p> 
<h2 class="p1" style="text-align: justify" id="ripple-chart-analysis">Ripple Chart Analysis</h2> 
<p class="p1" style="text-align: justify">A closer examination of the daily chart reveals that Ripple’s price is in a horizontal consolidation phase characterized by minimal volatility. Ripple is fluctuating between the significant support region of $0.60 and the key resistance level of $0.67, indicating a tug-of-war between market buyers and sellers.</p> 
<p class="p1" style="text-align: justify">However, the price recently experienced an 8% drop and found Ripple at the critical support level of $0.60. This development aligns with the dynamic support provided by the upper trend line of the monthly triangle formation, and consequently, a reversal is expected considering the potential emergence of demand near this pivotal level.</p> 
<p class="p1" style="text-align: justify">Nonetheless, Ripple’s price continues to be trapped within a critical range bounded by the significant resistance at $0.70 and the important support at $0.60 until a breakout occurs.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-336497 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/xrp-grafik.jpg" alt="" width="2560" height="1307"></p> 
<h2 class="p1" style="text-align: justify" id="four-hour-xrp-chart-analysis">Four-Hour XRP Chart Analysis</h2> 
<p class="p1" style="text-align: justify">A closer look at the four-hour chart reveals Ripple’s uncertain price movement within the $0.60 support and $0.67 resistance range. Despite the recent drop towards the $0.60 support and the dynamic support of the multi-month rising trend line, a potential recovery is indicated.</p> 
<p class="p1" style="text-align: justify">However, it appears more likely that <a href="https://en.coin-turk.com/analyst-predicts-potential-xrp-rally-if-bitcoin-maintains-support/" data-wpel-link="internal">XRP</a>‘s price will continue to move within the significant support zone of $0.60 and the noteworthy resistance level of $0.67, pointing to the possibility of prolonged consolidation until a breakout occurs. Surpassing the next target for Ripple’s price trajectory, the $0.67 threshold, could potentially pave the way for an increase towards the year’s highest level of $0.74.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-336496 size-full" src="https://coin-turk.com/wp-content/uploads/2024/04/4s-grafik.jpg" alt="" width="2560" height="1307"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ripple-price-analysis-a-closer-look-at-market-movements/" data-wpel-link="internal">Ripple Price Analysis: A Closer Look at Market Movements</a></h5>

Ripple Price Analysis: A Closer Look at Market Movements

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