Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Tether to make non-right wallet template: Details

2025-05-11

Bitcoin Price Watch: Miners show strength, but lungs are in danger – why?

2025-05-11

Yat Siu on building web3’s most influential unicorn 

2025-05-11
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Tether to make non-right wallet template: Details

    2025-05-11

    Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

    2025-05-11

    DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

    2025-05-11

    Floki Inu enables Web3 users with a new identity platform

    2025-05-11

    Metis launches Hyperion Testnet with $ 400k rewards and AI Focus

    2025-05-11
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

    2025-05-11

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10

    JPMorgan Chase warns US shares ‘Not a good place to verbat’ as billionaire Paul Tudor Jones Braces for fresh market Lows

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»XRP bulls are tackling the selling pressure, but here’s why a breakout is likely
Altcoins

XRP bulls are tackling the selling pressure, but here’s why a breakout is likely

2023-10-06No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Disclaimer: The information presented does not constitute financial, investment, trading or other advice and is solely the opinion of the author.

  • XRP has seen high price volatility in recent days
  • Despite the fluctuations, the price action showed that the bulls likely have superiority

Ripple [XRP] Volatility has increased over the past week. The bulls and bears fought a battle around the $0.54 level. At the time of writing, the bears have been able to defend this resistance.


Read Ripple’s [XRP] Price forecast 2023-24


A previous XRP price action analysis by AMBCrypto showed that a retracement to $0.49-$0.5 was possible. This remained true, although XRP fell to $0.506 on the day of the recent report’s release. Could bulls look to enter longs if we get a retest?

The bearish higher time frame order block held firm

XRP lingers under HTF resistance, but this is why a breakout remains likely

Source: XRP/USDT on TradingView

Recent volatility saw XRP’s H4 market structure turn bullish again after the sudden spike to the $0.547 resistance on October 3. Since then, the price has fallen lower, trading at $0.523 at the time of writing.

A series of Fibonacci retracement levels (light yellow) were plotted based on the rally from $0.4912 to $0.549. This happened last week, but Fib levels showed that the $0.503-$0.513 region offered an ideal short-term buying opportunity. The bullish target would be the $0.563 level, which was the 23.6% extension level.

There was a bearish order block at $0.55 on the daily chart that emerged on August 29. This line has not yet been breached, but XRP bulls have managed to hit higher lows since mid-September. This price action indicated bullish intentions. The Chaikin Money Flow (CMF) value of +0.12 also indicated notable capital inflows into the Ripple market.

See also  XRP Price Targets a New All-Time High: Can Bulls Deliver Results?

The Relative Strength Index (RSI) was at 50.5 and the momentum shown was almost exactly neutral. Meanwhile, the Directional Movement Index (DMI) showed that the bullish trend of the past two days had weakened significantly. This was revealed by the +DIs (green) falling below 20.

The short-term selling pressure on XRP could cause small losses

XRP lingers under HTF resistance, but this is why a breakout remains likely

Source: Coinalyse

Over the past 24 hours, both the price and Open Interest (OI) moved lower, underscoring the short-term bearish sentiment. More worryingly, the spot Cumulative Volume Delta (CVD) has also taken a nosedive, indicating a lack of demand for XRP in the spot markets.


Is your portfolio green? Check out the XRP profit calculator


This showed that the token could be forced to drop back towards $0.5, but it remained unclear whether the bears were strong enough to push prices below $0.49. Until then, bulls could look for buying opportunities near the $0.5 support.

Source link

Breakout Bulls Heres pressure Selling tackling XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana’s $ 185 target in sight – this is what traders need to know

2025-05-11

Bitcoin Bulls Beware! – This price can be a high -leverage false door

2025-05-11

What is the next step for Bitcoin, XRP, Ethereum and Solana Price?

2025-05-11

Ethereum breaks the most important price level – Has the ETH rally just started?

2025-05-11
Add A Comment

Comments are closed.

Top Posts

Blockchain and smart contracts are revolutionizing urban development

2024-12-05

Ethereum price rise continues? These may be the factors to keep an eye on

2023-10-31

Azuki and Museum of Mahomes Release Special Edition Collectibles

2023-08-22
Editors Picks

Linda Dounia’s IN/Visible NFT Exhibit Highlights Black Artists, AI’s ‘Skewed’ Lens

2023-06-14

Michael Saylor’s Poll Chooses Trump Over Bitcoin: 91% Agree!

2024-10-28

Is Chainlink repeating history, laying the ground for new bull run?

2023-09-01

Bitcoin miner Core Scientific files for bankruptcy plan

2023-06-21
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Tether to make non-right wallet template: Details

Bitcoin Price Watch: Miners show strength, but lungs are in danger – why?

Yat Siu on building web3’s most influential unicorn 

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,971.690.69%
  • ethereumEthereum(ETH)$2,486.14-0.54%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.36-2.78%
  • binancecoinBNB(BNB)$652.50-0.61%
  • solanaSolana(SOL)$171.66-0.91%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.230193-2.70%
  • cardanoCardano(ADA)$0.80-3.81%
  • tronTRON(TRX)$0.2622070.36%
  • suiSui(SUI)$3.96-1.94%
  • chainlinkChainlink(LINK)$16.83-0.13%
  • avalanche-2Avalanche(AVAX)$24.690.09%
  • stellarStellar(XLM)$0.307096-0.42%
  • shiba-inuShiba Inu(SHIB)$0.000016-1.57%
  • hedera-hashgraphHedera(HBAR)$0.203400-5.32%
  • the-open-networkToncoin(TON)$3.38-0.49%
  • bitcoin-cashBitcoin Cash(BCH)$409.21-3.37%
  • hyperliquidHyperliquid(HYPE)$24.30-4.26%
  • polkadotPolkadot(DOT)$5.100.20%
  • unus-sed-leoUNUS SED LEO(LEO)$8.32-3.51%
  • piPi(PI)$1.0845.72%
  • litecoinLitecoin(LTC)$100.10-3.55%
  • moneroMonero(XMR)$339.943.97%
  • pepePepe(PEPE)$0.000014-1.67%
  • bitget-tokenBitget Token(BGB)$4.860.28%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.87-1.26%
  • bittensorBittensor(TAO)$446.91-1.63%
  • nearNEAR Protocol(NEAR)$3.142.76%
  • aptosAptos(APT)$5.901.60%
  • aaveAave(AAVE)$219.41-3.13%
  • okbOKB(OKB)$55.020.22%
  • ondo-financeOndo(ONDO)$1.02-3.86%
  • internet-computerInternet Computer(ICP)$5.693.22%
  • ethereum-classicEthereum Classic(ETC)$19.88-0.18%
  • kaspaKaspa(KAS)$0.1085901.19%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.68-4.65%
  • gatechain-tokenGateToken(GT)$21.81-1.69%
  • mantleMantle(MNT)$0.802.98%
  • render-tokenRender(RENDER)$5.16-1.70%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.255903-3.20%
  • vechainVeChain(VET)$0.030820-1.27%
  • crypto-com-chainCronos(CRO)$0.097764-3.91%
  • ethenaEthena(ENA)$0.4017122.23%
  • arbitrumArbitrum(ARB)$0.4552727.78%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$3.161.30%
  • cosmosCosmos(ATOM)$5.292.25%
  • bitcoinBitcoin(BTC)$103,971.690.69%
  • ethereumEthereum(ETH)$2,486.14-0.54%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.36-2.78%
  • binancecoinBNB(BNB)$652.50-0.61%
  • solanaSolana(SOL)$171.66-0.91%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.230193-2.70%
  • cardanoCardano(ADA)$0.80-3.81%
  • tronTRON(TRX)$0.2622070.36%
  • suiSui(SUI)$3.96-1.94%
  • chainlinkChainlink(LINK)$16.83-0.13%
  • avalanche-2Avalanche(AVAX)$24.690.09%
  • stellarStellar(XLM)$0.307096-0.42%
  • shiba-inuShiba Inu(SHIB)$0.000016-1.57%
  • hedera-hashgraphHedera(HBAR)$0.203400-5.32%
  • the-open-networkToncoin(TON)$3.38-0.49%
  • bitcoin-cashBitcoin Cash(BCH)$409.21-3.37%
  • hyperliquidHyperliquid(HYPE)$24.30-4.26%
  • polkadotPolkadot(DOT)$5.100.20%
  • unus-sed-leoUNUS SED LEO(LEO)$8.32-3.51%
  • piPi(PI)$1.0845.72%
  • litecoinLitecoin(LTC)$100.10-3.55%
  • moneroMonero(XMR)$339.943.97%
  • pepePepe(PEPE)$0.000014-1.67%
  • bitget-tokenBitget Token(BGB)$4.860.28%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.87-1.26%
  • bittensorBittensor(TAO)$446.91-1.63%
  • nearNEAR Protocol(NEAR)$3.142.76%
  • aptosAptos(APT)$5.901.60%
  • aaveAave(AAVE)$219.41-3.13%
  • okbOKB(OKB)$55.020.22%
  • ondo-financeOndo(ONDO)$1.02-3.86%
  • internet-computerInternet Computer(ICP)$5.693.22%
  • ethereum-classicEthereum Classic(ETC)$19.88-0.18%
  • kaspaKaspa(KAS)$0.1085901.19%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.68-4.65%
  • gatechain-tokenGateToken(GT)$21.81-1.69%
  • mantleMantle(MNT)$0.802.98%
  • render-tokenRender(RENDER)$5.16-1.70%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.255903-3.20%
  • vechainVeChain(VET)$0.030820-1.27%
  • crypto-com-chainCronos(CRO)$0.097764-3.91%
  • ethenaEthena(ENA)$0.4017122.23%
  • arbitrumArbitrum(ARB)$0.4552727.78%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$3.161.30%
  • cosmosCosmos(ATOM)$5.292.25%