Crypto Analyst Predicts Multiple God Candles For XRP, How High Can It Go?
2024年7月17日 - 10:30AM
NEWSBTC
A crypto analyst remains highly optimistic about XRP Ledger’s
native token, XRP, predicting the appearance of multiple God
candles that could potentially propel the cryptocurrency into a
strong bullish rally. Breaking Resistance Could Trigger God
Candles In an X (formerly Twitter) post on June 14, a crypto
analyst identified as ‘Dark Defender’ provided a detailed
interpretation of technical indicators and resistance levels that
could signal a bullish uptrend for XRP. The analyst revealed that
XRP has experienced a highly bullish reversal for the Fisher
Indicator on the weekly chart. Related Reading: Crypto Analyst Says
Ethereum Price Is Headed To $4,000, Here’s Why The Fisher Indicator
is a versatile technical tool used to pinpoint trend reversals and
highlight when prices have moved to the extreme. Based on this
technical indicator, Dark Defender has revealed that the altcoin
has broken through an initial price resistance at $0.04623,
indicating strength and momentum in the cryptocurrency’s price
movement. Sharing a price chart depicting XRP’s movements,
the crypto analyst unveiled that the altcoin’s price is currently
testing the interim Fibonacci levels at $0.5286. He expressed
bullish optimism about XRP closing above the week’s candle around
the $0.53 price mark. Dark Defender also highlighted the next
significant resistance level for XRP’s price. The analyst expects
XRP to test secondary mid-level resistance points at $0.6044, as
breaking this level would be a positive signal for a higher upward
momentum for XRP. Interestingly, Dark Defender expects XRP to
trigger God candles if it successfully breaks all the
aforementioned resistance levels. He highlighted another key
support level at $0.6649, labeling it the master fundamental level.
The crypto analyst disclosed that it was crucial to not
underestimate this level, signaling the potential for strong
bullish surge in XRP if it surpasses this key threshold. The
analyst has predicted multiple God candles that indicate sharp
price increases for XRP, possibly opening up a path to “Heaven’s
Stairway.” Update On XRP Price Analysis Amidst recent legal
challenges with the United States Securities and Exchange
Commission (SEC) and broader market downtrend, XRP has been
displaying strong bullish signals and healthy price fundamentals.
At some point this year, the cryptocurrency plummeted below the
$0.5 price mark, experiencing unexpected price declines.
Related Reading: Ethereum Bulls Gear Up For Recovery – Can Spot
ETFs Push Price To New Highs? However, recently, the altcoin has
been on a roll, recording multiple bullish surges that have pushed
its price to its current value of $0.538. According to data from
CoinMarketCap, XRP has soared by almost 30% over the past week and
risen by another 1.41% in the last 24 hours. The
cryptocurrency has been performing relatively well despite market
volatility. Its recent gains have also positioned it at a critical
point where its price could potentially surge above the $0.6
threshold. Additionally, with the Ripple vs. SEC legal battle
nearing conclusion and a settlement on the horizon, XRP is poised
to overcome bearish sentiment fueled by regulatory concerns.
Featured image created with Dall.E, chart from Tradingview.com
Optimism (COIN:OPUSD)
過去 株価チャート
から 6 2024 まで 7 2024
Optimism (COIN:OPUSD)
過去 株価チャート
から 7 2023 まで 7 2024