The article discusses the recent price movement of Ripple (XRP) and suggests that it may face obstacles in its attempt to reach $0.65. While the cryptocurrency has experienced a price increase and is currently hovering around $0.53, it lacks the necessary buying pressure to retest the $0.57 supply zone. Technical indicators such as the Parabolic Stop-and-Reverse (SAR) indicator and Bull Bear Power (BBP) suggest that selling pressure is intense and bears are in control. Additionally, a bearish twin peak pattern on the Awesome Oscillator (AO) indicates a potential downtrend, with XRP potentially falling below $0.48. However, if XRP manages to break above $0.57, the cryptocurrency's value could rise past $0.63 and potentially reach $0.65.
- Content Editor ( beincrypto.com )
- 2024-09-10
These 3 Indicators May Block XRP’s Path to $0.65