CandleFocus Ripple Price Analysis: Calm Before the Storm for XRP After 6.5% Weekly Decline?
2024-10-28
Author: Content Editor
The price of Ripple (XRP) has faced strong selling pressure near the $0.55 resistance level, resulting in a significant decline. Currently, XRP is testing the $0.5 support level, which has been a solid base since mid-July. This support region may attract buyers and lead to a consolidation phase before the next move. On the 4-hour chart, Ripple's price action indicates a clear downtrend, with a series of lower highs and lower lows. The price recently broke below the lower boundary of a bearish flag pattern, confirming the continuation of the downtrend. Ripple is now in a critical support zone between the 0.5 and 0.618 Fibonacci retracement levels, and a break below the latter could lead to a further decline. However, if the price finds support in this region, a period of consolidation may occur in the short term.
Related News
Cardano (ADA) Price Struggles to Hold Support, Bears Taking Charge Bitcoin miners accumulate as key indicator hints at price rally Bitcoin trades above $70,000 for first time in over seven months Crypto lobbying groups file court brief supporting lawsuit against SEC, seeks clarity over token airdrops Dogecoin (DOGE) Price Shows Strong Bullish Sentiment as Buyers Gain Control Republican seeking to unseat Sherrod Brown said he sold all his Bitcoin Bitcoin hits $70K as ETF inflows continue to grow RLUSD on XRP Ledger: What High Threshold Tracking Reveals About Stability Coinbase to sponsor NBA team in aftermath of FTX collapse CryptoQuant Analyst Says “I Expect a Bull Rally in Bitcoin”, Explains Why Binance Leads Centralized Exchanges with Record $193B Weekly Volume 10X Research Reveals Reasons Why Ethereum (ETH) May Have Lost its Appeal Dogecoin Poised For $0.1491 Breakout As RSI Reveals Bullish Potential Cronos (CRO) Token Strengthens Its Position in the Crypto Market Troy ($TROY) Soars 53.4% Leading Cryptocurrency Gainers on October 28 Plastichero Expands Its Blockchain Recycling to Middle East TaskOn Partners with Athene Network for Engaging Web3 Quests and Airdrops Will MAGA Price Hit $10 as Crypto Whales Pour Millions on Trump 2024 Win? BTC hits $69K again 8 days from election. What’s next? HBAR Adoption Expands as Dubai Launches Digital Will Solution on Hedera T-Rex's MicroStrategy ETF Shows Stunning Performance Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K Political Sentiment Meets Crypto: How TRUMP3 Is Thriving Pre-Election IOTA EVM Total Value Locked (TVL) Hits $20 Million in Fresh Milestone Bitcoin miner stocks surge as AI demand grows, Jefferies issues 'buy' rating on Core Scientific MicroStrategy stock hits new high as Bitcoin soars to $69,000 Coinbase files amicus brief on behalf of Beba Collection and Fund Defi against SEC Election betting market Kalshi to take USDC deposits NFT Market Highlights: CryptoPunks Dominate 24-Hour Volume at $461.8K Cardano TVL Nearing New Highs: How Will ADA Price React? Nil Foundation Names New CEO as Ethereum Layer-2 Scaling Race Intensifies Bitrue secures crypto exchange registration in Lithuania for EU expansion Someone Just Won Bitcoin Fortune by Mining Block Alone Bank of England Explores Digital Pound to Compete with Fintech Firms Solana wallets buckle as 2.8M addresses angle for Grass airdrop Fresh Cryptocurrency Whales Focused on This Altcoin, Onchain Data Shows: They’ve Been Accumulating in the Last Few Days BSV, SPX, RUNE top gains as BTC rallies ahead of elections Major League Soccer Launches ‘MLS Quest’ Collectibles on Sui Tron (TRX) Struggles to Maintain 4% Gains as Coin Holding Time Drops Bitfinex says US election could push Bitcoin beyond its all-time high of $73,666 Top 5 real estate tokenization platforms 4 Crypto to Buy as BTC Eyes $70K Again BlackRock’s Bitcoin holdings climb to $27.73 billion as Ethereum ETF outflows reach $7 million Scroll Token Dip Over 30% Post-Binance Listing; What's Next? NFTs in action: A podcaster’s unique method for engaging his fanbase Why Ethereum’s Price Isn’t Soaring as Much as It Used to and Is Lagging Behind Bitcoin? What will happen in the coming period? Vaneck: UAE, Argentina and Ethiopia begin state-backed Bitcoin mining Pepe down 4% amid reports of whale dumping on Binance AurumXchange operator charged with money laundering in unlicensed crypto exchange case Indian Banks Trial Ripple’s XRP for Faster and Safer Bank Transfers Altcoin Trader Accumulates $22M in $EIGEN Despite Price Drop Another Former Binance Exec Joins Bitget Crypto Exchange BREAKING: Binance Futures Platform Experiencing Access Issues – Follow the Details Here This Bitcoin (BTC) $100,000 Model From Early 2020 Still Valid, Data Says Litecoin ETF Hype Triggers Unexpected Inflow, What Next? Elon Musk and Bitcoin: A 1,000% Surge and Social Media Impact Dogecoin (DOGE) Disappoints Bears With 375% Liquidation Imbalance Marc Andreessen’s crypto-trading AI breakthrough is human-operated What Ark Could Potentially Learn From Lightning Ethereum mainnet issues drive users to Layer 2s and Solana, analyst says EigenLayer (EIGEN) Open Interest Hits Record Low After 25% Price Drop Bitcoin chases $70K as global tensions ease and crypto traders long the US elections Fan tokens rise after Binance lists SANTOS, causing the asset to surge over 100% Bitcoin Company’s Shares Perk Higher On Major Partnership News Bitcoin is ‘under Vampire attacks’ warns crypto analyst Bitcoin Reclaims $69K After Golden Cross Trump's Momentum Is Too Big To Rig, The Bitcoin Candidate Will Win BTC, ETH and XRP Price Prediction for October 28 3 Bullish Altcoins Predicted to Outperform Bitcoin in November 2024 Shift4 leverages The Giving Block for global payment service rollout Bitcoin analysts forecast pre-election surge, warn of potential post-election sell-off Price analysis 10/28: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA Tether's Paolo Ardoino: 'If the U.S. Government Wanted to Kill Us, They Can Press a Button' Ethereum Card Battler 'Parallel' Will Host $250K Esports Championship in Las Vegas Bitcoin needs this one thing to hit and hold $70K VanEck Bitcoin: the forecast of a price of 3 million dollars by 2050 ? Trump Crypto Project World Liberty Plans to Issue Stablecoin, Sources Say Bitcoin Price Jumps Ahead of Key US Inflation and Jobs Reports Shiba Inu (SHIB) Finally Decouples From Bitcoin Bitcoin bull cycle ‘didn't even start yet’, says analyst HOOD Jumps as Robinhood Markets Debuts US Election Trading Top Analyst Issues Bitcoin Warning, Says BTC Could Witness ‘Most Bearish’ Scenario Even if It Breaches $70,000 Sergey Nazarov: Chainlink and how the blockchain uses AI Crypto gaming may be on the cusp of fresh growth Ronin Network Integrates Chainlink Cross-Chain Interoperability Protocol Top 3 Cardano Rivals to Turn $10 to $1000 in November MOG Coin Price Analysis: Bears Dominate as Analysts Eye Key Levels Bitcoin (BTC) Forms Golden Cross: Possible Scenarios Smart Trader Resumes $OM Accumulation Following a 7-Month Pause, Gaining $15M 53,118% Profit Triggers Worrying Awakening of Bitcoin Whale From 2013 GRASS Airdrop Goes Live, But Phantom Wallet Issues Block User Claims Ethereum Is Dead: Key On-Chain Metrics Bursts Myth, ETH Price Rally Ahead? Cardano Falls To A Low Of $0.31 And Starts Its Range IOTA Nears Mainnet Smart Contracts Release, Paving Path for Potential ATH in 2024 Why didn’t Donald Trump and Joe Rogan mention bitcoin or crypto? Bitcoin’s $150K price target returns as BTC breaks out of bull pennant Hong Kong Considering Tax Concessions for Crypto Investments Astria, Project to Decentralize Crucial Blockchain 'Sequencers,' Goes Live With Main Network ‘Bird Beak Sign’ Appears On Bitcoin Price Heikin Ashi Chart, Analyst Explain What This Means Bitpanda considers IPO or sale on the table amid crypto market surge TRON Is Holding Above $0.16 And Remains In An Uptrend FV Bank integrates with Visa for crypto debit, corporate cards Solana flips Ethereum in daily fees, surpasses $2.5M in 24 hours Bitcoin Historical Data Hints at Imminent BTC Break Above $73,000 5 Meme Coins to Watch in November 2024 Is crypto 'altseason' coming? Watch these 3 key signals in the months ahead ACH spikes as Alchemy Pay unveils plans for a new chain Trump election odds near 67% as Polymarket whale bets another $2M Peter Thiel's Founders Fund invests in Infinex's Patron NFT sale as total amount raised hits $67.7 million The collaboration between the football team F.C. Lugano and Plan ₿ Declining Gains Drive XRP Whales Out of the Market Crypto trader turns $3.5k into $3.2 million in two days, for a 914x return Crypto Investors Juggle Bitcoin Stability and Meme Coin Risks Amid Market Short-Termism Rollup development platform Gelato raises $11 million in latest funding round Franklin Templeton will launch the first blockchain fund in Europe. SHIB Burns Jump 108% With Price on Verge of Breakout – Here's Major Nuance MSTR Is 101% Bitcoin, Proves Michael Saylor Top Analyst Affirms Bitcoin is “On Track” Amid $69K Rebound Solana Flips PayPal? Crypto Star Hits $83.5 Billion Market Cap Massive $206 Million Bitcoin Deposit Shakes Largest US Exchange, Coinbase Chainlink Price Target of $20: How Likely Is This Move? ? Staking Crisis in Altcoin Listed on Binance! Price Dropped, Statement from the Team! Bitcoin ETFs Skyrocket With Epic $998 Million Inflows: Details VanEck Head of Research Identifies “Very Bullish Setup” for Bitcoin Ahead of US Election Prediction Market Kalshi to Supply Price Data for Crypto Oracle Stork 5 Reasons Why Ethereum Price is Stuck Below $3,000 Japanese man sentenced to 3 years after creating crypto ransomware with AI Big Mistake: XRP Ledger User Accidentally Burns 10,000 Tokens Solana wallet Phantom down due to ‘major incident’ Custodia Bank CEO Shares 'DOGE' Recommendations Amid Elon Musk's $2T Target Veteran Analyst Predicts Timeline for Bitcoin to Finally Attack Its ATH OpenAI tool used to create voice bot that can drain crypto wallets XRP Death Cross: It's Not Over First Bank in Bolivia Launches USDT Services Justin Sun Announces Q4 Plan to Upgrade USDD on Tron Network to Support Stablecoin Market Native Tether (USDT) launches on Aptos L1 6 Telegram Airdrops To Watch In November: Here’s What to Know Giant Market Maker Wintermute Added New Altcoins to His Bullish Portfolio: He Bought These Two Altcoins, Became One of the Three Largest Owners! Outdated and Outpaced? Bitcoin Faces Major Threats from Emerging Tech Nuffle Labs and OpenGradient team up for secure AI on blockchains Bitcoin Won't Let You Transcend Politics Ethereum Technical Analysis: ETH Stabilizes Amid Key Resistance Bitcoin Technical Analysis: Upward Momentum Stays Strong Across Short and Long-Term Averages BlackRock to Vote in Microsoft's Bitcoin Decision, Reveals Fred Krueger Mantra (OM) Halts Decline as Bulls Take Charge, All-Time High Within Reach 1,900% Awaits SXP Price as Analyst Highlights a 20x Surge Possibility to New $5.2489 Target AI Memecoins Gain Traction: GOAT, TURBO, and KOKO Analyzed More than 60% of Indonesian youths invest in crypto: report Analysts Predict $400 Solana Price as Whales Buy into ‘Most Bullish Chart’ AI predicts Shiba Inu price for year-end Ceffu Moves 1.28 Trillion PEPE Coins to Binance Doctor Profit Says Bitcoin to Go Sideways for Another 43 Days Orderly Network Launches on Sei, Enhancing DeFi Liquidity and Perps Trading Crypto Market Stalls as Korean Trading Drops, U.S. Election in Focus Binance Launches SANTOSUSDT Futures Contract Today Shiba Inu’s Correlation With Bitcoin Breaks Down, and Price Drops 11% Shiba Inu Rival to Surge to $5, Top Expert Predicts Strategic Upgrade for Shibarium Revealed by SHIB Team Top Ethereum Tokens by Weekly Trading Volume: Analyzing the Movers and Shakers First hacked, then recovered, now missing again — The $20 million Bitfinex mystery Will THORChain’s New Integration Impact RUNE Price? Dogecoin Cofounder Breaks Silence on Meme Coins' Profitability Bithumb Exchange Faces Korean Won Withdrawal Delays, Users Unfazed How many Solana coins are there? SOL’s supply explained Ethereum Price Analysis: Critical Moment for ETH as it Fights for $2.5K Crypto Policy Didn't Occupy the Spotlight in Elections in Austria, Georgia First Neiro on Ethereum Nears Key Breakout: Will Bullish Momentum Push it to $0.0020? Marathon Bitcoin mining heats Finnish city with recycled energy Bitcoin Price Analysis: BTC Has to Reclaim This Crucial Level to Aim for New All-Time Highs Bitcoin Poised for Rally as Dollar Index Weakens – Analyst Robinhood rolls out US presidential election derivatives trading as race heats up Seasoned Analyst Says Ethereum $6K Rally Likely as Key Support at $2,400 Holds Ripple CTO Puts End to XRP Usage Concerns Why These Altcoins Are Trending Today — October 28 CAT weekly gains surpass 37% as a bullish pattern forms on its daily chart Real-World Asset Tokens: ONDO, OM, FTM, RNDR, ORDI: RWA Tokens Surge, Led by Ondo AI is the missing link for mass adoption of blockchain investments | Opinion Will Toncoin Price Crash 50% as Bearish Volume Hits 3-Week High? RD InnoTech's Revolutionary Initiative to Launch Hong Kong Stablecoin HKDR on Ethereum BTC Miner Core Scientific Uniquely Positioned to Capture AI Demand, Initiate at Buy: Jefferies CoinShares: US political landscape fuels $901m inflows into crypto funds Dogecoin (DOGE) Eyes Multi-Week Breakout as Volume Jumps 95% UMA’s Struggle at $3.20: Why This Resistance Level Is Pivotal for Bulls VeChain, Solana, Worldcoin Lead in Top 8 Altcoins with Upside Potential Popular anime franchise Ghost in the Shell will be launched as NFT collection on Oct. 31 B2C2 and OpenPayd Partner for Fiat Transactions in Crypto Trade Settlements Will Pepe Coin Price Reclaim ATH In November? Toncoin (TON) Short-Term Holders Look to Save the Telegram Coin After 17% Decline HKMA teams up with Thailand, Brazil central banks on cross-border tokenization pilots US Crypto Regulation: Blockdaemon Forecasts Clarity by 2025 Shiba Inu (SHIB) out of Trillionaire Club for Today This Data Does Not Signal Well for Bitcoin (BTC)! $100K May Be a Dream! Here is the Exchange That Has Mentioned XRP to $1,000 Sui Price Drops 6% Despite Surging Daily Inflows, Is the Correction Over? Chainlink Data Streams Now Live on BNB Chain's Layer-2 While Polygon Struggles at $0.32, Analyst Projects 2,387% Potential Rebound How High Can XRP Price Go With a $10 Trillion Market Cap? Dogecoin Primed for 25% Rally? Seasoned Analyst Identifies Flag Breakout BIS project demonstrates automated cross-border transaction compliance 'Most bullish' weekly close — 5 Things to know in Bitcoin this week MicroStrategy’s Current Premium Relative to Its Bitcoin Stack Is Unlikely to Last: Steno Research CHART: Tether has attracted US government action 19 times Numogram (GNON) erases 95% of value, founder sells public holdings Bitcoin Reclaims $68K Level, Dogecoin and Polkadot Register Impressive Gains (Market Watch) EU MiCA rules pose ‘systemic’ banking risks for stablecoins — Tether CEO DEXs Face Profitability Challenges: Astrovault Proposes an Approach Arthur Hayes' Maelstrom Hedges U.S. Election Uncertainty With Staked USDe; Holds Large BTC, ETH Bullish Bets Celestia (TIA) leads $1.543 billion token unlock this week New Dogecoin (DOGE) Post from Elon Musk! XRP Set for a Major Surge, Analyst Asserts Explosion is Incoming Shiba Inu Golden Cross Remains Valid Despite Recent Turbulence OM rallies over 10%, top gainer of the day Jihan Wu-backed crypto custodian Cactus Custody passes security audit by Deloitte Bitcoin Seeing Golden Cross That Doesn't Matter: Here's Why Cardano holders are panicking, selling pressure could be triggered Ethereum price prediction: risky pattern points to a breakdown Market Veteran Taunts Skeptics After Cardano Prediction Comes to Fruition 3 Altcoins to Watch in the Last Week of October 2024 XRP Rallies from $0.48: Is a $0.53 Breakout Next? Raydium (RAY) Demonstrates Strong Resilience and Potential for Continued Upside The Kingdom of Bhutan Owns Over 13K Bitcoin Worth $905M Shapeshift Fox ($FOX) Leads Crypto Gainers with 30.6% Surge on October 27 Stablecoin Market Dips 2.7% as PYUSD Rewards Decline Impacts Growth Shiba Inu: Expert Says SHIBArmy Wants ‘Higher Than ATH’ For SHIB Polygon Breaks Above $0.30 But Starts To Rise Within The Range Bitcoin Surges to $67K, Ethereum Holds Steady Amid Market Volatility New AI SDK Enhances User Privacy for Tether Here’s How High Shiba Inu Could Rise if Total Crypto Market Cap Reaches $10T Goatseus Maximus Defies Market Downturn: Why Is GOAT Still Bullish? Famous Trader Says "The Rise in the Crypto Market Will Continue After the Election", Reveals the Altcoin He Is a Mega Bull! Ex-Ripple CTO Announces Revival of Codius, Pundit Identifies Potential Impact on XRP Ledger Hong Kong issues dual-track policy for AI adoption in finance Bitcoin Has a Lot Going for It, Except the Persistent Slide in Copper-Gold Ratio SUI Price’s 21% Crash This Week Fails to Shake Bullish Traders Musk’s Department of Government Efficiency (DOGE) token hits $52m value Why Is the Crypto Market Up Today? Ripple Price Analysis: Calm Before the Storm for XRP After 6.5% Weekly Decline? POPCAT in a Bearish Wedge: Is a Price Drop Imminent? Bitcoin ETFs could soon cross 1M BTC as traders expect November tailwinds Hong Kong Mulls Tax Incentives for Sophisticated Crypto Investors Green United promotor asks to appeal SEC’s $18M crypto mining fraud case Billionaire Chamath Palihapitiya Says Bitcoin Is the Future, Calls BTC the ‘Resounding Inflation Hedge’ Asset Will Cardano Price Crash 30%? Top Trader Says Analysis Looks 'Grim' Bolivia Ramps up Stablecoin Adoption as Bank Debuts USDT Services Expert Says 100% Shiba Inu Price 'Explosion Is Imminent,' Here's Where To Place Entries Japanese MicroStrategy Becomes One of Largest Corporate Bitcoin Holders in Asia Sui Network Provides Timeline For Staking Fix, SUI Price To Rally? BNB Price Aims To Reclaim $600: Will The Bulls Succeed? Charles Hoskinson Foresees Nation-State Governance on Cardano by 2030 Vitalik Buterin in ‘wartime mode’ tops KOL mindshare as he slams ETH critics 1inch, Bruce Lee family launch ‘seriousLee’ DeFi campaign Trader Sees Incoming Breakout for Ethereum-Based Altcoin in Next Two Weeks, Updates Forecast on ETH and OP JASMY at a Crossroads: Bounce to $0.23 or Breakout Dump? Why Analyst Predicts XRP Price Could Hit $95 Soon? Expert Identifies Critical Launchpad for XRP Rally to $1.88, $5.85 and $18.22 Coinbase Unveils On-Chain AI Agents On Ethereum L2 Base BTC Sets Sights on $71K: Will the Strong Monthly Candle Attract Bulls? BTC Bulls Charge Towards $70K; Is a New ATH Imminent? XRP Price Holds Steady in Consolidation: Is a Shift Coming? Ethereum Price Lacks Traction: Can It Overcome The Slowdown? Ethereum Disappoints as ETFs Struggle to Gain Investor’s Attention Analyst Signals Bottom for Dogwifhat Price as WIF Eyes $3 with Bullish Support Trump win, ‘regulatory sanity’ is bad news for memecoins: Professor Bitcoin Price Targets Gradual Rise: Will the Uptrend Hold? Ripple CEO Loses Bank Account After 25 Years, Given 5 Days to Withdraw Funds Base stablecoin transaction volume briefly tops all other chains Will Ethereum Rebound Soon? TD Sequential Hints at Potential Rally Crypto Trader Earns $1M Profit in 48 Hours Using $Ban Insider Wallet Justin Sun Announces Q4 Plan to Upgrade USDD on Tron Network to Bolster Stablecoin Market Fantom Price Shows Dip: Can Bulls Bounce Back? Patient Crypto Trader Makes $873K from $1,795 by Timely $BAN Sales Bitcoin (BTC) Just Delivered Hidden Cross, Shiba Inu (SHIB) Volatility Explosion Might Be Next, Solana (SOL) Is Tired Being Below $200 Trader Sees Incoming Breakout for Ethereum-Based Altcoin in Next Two Weeks, Updates Forecast on ETH and OP Longest Bitcoin Range Since 2020: How Close Is the Next Big Shift?