{"id":10098,"date":"2024-01-19T20:22:28","date_gmt":"2024-01-19T20:22:28","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=10098"},"modified":"2024-01-19T20:22:28","modified_gmt":"2024-01-19T20:22:28","slug":"ripple-xrp-uptrend-broken-what-are-the-targets","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ripple-xrp-uptrend-broken-what-are-the-targets\/","title":{"rendered":"Ripple (XRP) Uptrend Broken! What Are the Targets?"},"content":{"rendered":"<p data-sourcepos=\"3:1-3:210\">The uptrend curve of Ripple (XRP) has broken down. The price is currently struggling to hold on to the support level. However, it is unclear whether the specified support area will be able to sustain the price.<\/p>\n<blockquote>\n<p data-sourcepos=\"5:1-5:176\">You might like:\u00a0<a href=\"https:\/\/coinengineer.net\/blog\/sui-price-analysis-will-sui-continue-to-fall\/\" target=\"_blank\" rel=\"noopener\"><strong><em>Sui Price Analysis!! Will Sui Continue to Fall?<\/em><\/strong><\/a><\/p>\n<\/blockquote>\n<p data-sourcepos=\"5:1-5:301\">XRP reached a low point of $0.29 on June 22, 2022. After completing this dip formation, it exhibited a strong uptrend for 564 days. However, there was a sharp decline on January 3, which signaled the end of the uptrend. The price is currently showing a horizontal movement on a support point of $0.55.<\/p>\n<p data-sourcepos=\"7:1-7:268\">The price movements during this process show that XRP is looking for a new direction and is looking for balance at a certain price level. The horizontal movement above the $0.55 support point can be associated with the uncertainty and search for balance in the market.<\/p>\n<p data-sourcepos=\"7:1-7:268\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-10100 aligncenter\" src=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Ripple-Analysis.png\" alt=\"Ripple Analysis\" width=\"768\" height=\"460\" srcset=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Ripple-Analysis.png 768w, https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/01\/Ripple-Analysis-300x180.png 300w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/><\/p>\n<p data-sourcepos=\"9:1-9:326\">Ripple is exhibiting a double bottom formation on the $0.55 support level. If the crypto market shows a positive picture in the coming days, Ripple has the potential to rise again to the $0.73 resistance level. However, it first needs to overcome the intermediate resistance point at the $0.60 level to realize this potential.<\/p>\n<p data-sourcepos=\"11:1-11:201\">In a different scenario, if Ripple loses the $0.55 support area, it may face a pullback to the $0.47 support level. In this case, it will be important to see how the price reacts at this support point.<\/p>\n<hr \/>\n<div>\n<div>\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The uptrend curve of Ripple (XRP) has broken down. The price is currently struggling to hold on to the support level. However, it is unclear whether the specified support area will be able to sustain the price. You might like:\u00a0Sui Price Analysis!! Will Sui Continue to Fall? XRP reached a low point of $0.29 on<\/p>\n","protected":false},"author":1,"featured_media":10099,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[840,2588,509,506],"class_list":["post-10098","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-coin-analysis","tag-crypto-market","tag-formation","tag-ripple","tag-xrp"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple (XRP) Uptrend Broken! What Are the Targets? - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The uptrend curve of Ripple (XRP) has broken down. 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