Ripple on the brink of a 40% upswing as consolidation hits a tipping point
- Ripple slides marginally under $0.6, but buyers rush in to save it from a massive drop to $0.3.
- XRP/USD potential breakout would elevate it to highs around $0.8 as consolidation ends.
Ripple has corrected under $0.6 but is unlikely to extend the bearish leg further down. Closing the day on Monday under the 50 Simple Moving Average saw the minor declines on Tuesday validated. However, XRP is most likely to resume the uptrend and perhaps push for massive gains towards $1.
For now, holding above the lower trendline of the symmetrical triangle is key to the bulls amid the fight to avert massive losses. Moreover, the bullish narrative will be validated if Ripple closed the day above the 100 Simple Moving Average on the 4-hour chart.
On the upside, some resistance is anticipated at the 50 SMA, but a break above the triangle would catapult XRP 36% higher to $0.8. It is worth noting that there will be hurdles at $0.7 and $0.75 as these zones recently prevented Ripple from trending higher.
Buyers seem to have started getting ready for an uptrend, as illustrated by the Relative Strength Index. The RSI has embraced support at 40 and is pointing upwards as buy orders increase.
XRP/USD 4-hour chart
On the other hand, the bearish leg will significantly continue if XRP/USD ends the day below the 100 SMA. Massive losses will come into the picture under the symmetrical triangle. On the downside, the potential support would be the buyer congestion at the 200 SMA. If push comes to shove, Ripple might overshoot the moving average support and retest the anchor at $0.3.
Ripple Intraday chart
Spot rate: $0.59
Relative change: -0.02
Percentage change: -3%
Trend: Bullish
Volatility: Expanding
- Breaking: Crypto Market Crashes as Trump Imposes 100% Tariff on China
- ASTER Airdrop Delayed to October 20 Amid Criticisms Over Token Allocations
- U.S. Inflation Data: BLS to Release CPI Report on October 24 Amid Government Shutdown
- Bank of America, Citigroup and Goldman Sachs Explore Issuing Stablecoins Pegged to G7 Currencies
- Breaking: Bitcoin Falls After Trump Threatens ‘Massive’ Increase in Tariffs on China
- Can $TAPZI Reach $1 In Q1 2026?
- Here’s Why XRP Price May Have a Zcash-Like Surge
- $TAPZI Price Prediction: What’s Ahead of the $TAPZI token Presale?
- Cardano Price Targets $2 as Hydra 1.0 Ignites New Era of Speed and Adoption
- Dogecoin Price Prediction as $23M Leaves Exchanges—Is the Parabolic Phase Beginning?
- Pi Network Price Collapses as Analyst Proposes Turnaround Tweaks
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
