Ripple’s XRP targeting another breakout

The gains yesterday saw XRP step slightly above $0.32 before coming to a halt at $0.3210.
A correction above the triangle resistance could ignite more gains for XRP.

John Isige FXStreet

Ripple’s XRP resumed the uptrend on Tuesday following the declines that prevailed on Monday. The bullish momentum has been erratic with most digital assets unable to sustain gains. XRP recently tested the key resistance at $0.35 but the trend turned bearish and trimmed gains towards the support at $0.30.

The gains yesterday saw XRP step slightly above $0.32 before coming to a halt at $0.3210. This paved the way for the bears to take charge. XRP/USD deflated below the weak support at $0.3160 and $0.3140. Fortunately, a short-term bullish trendline worked as a bouncing wall for the price. There has been a correction above $0.3140. Ripple’s XRP is battling with the resistance at $0.3160.

Moreover, the cryptocurrency is looking out for another breakout from the completed contracting triangle pattern. A correction above the triangle resistance could ignite more gains for XRP to retrace its steps towards the critical $0.35. The building bullish trend is immediately supported by the 50 Simple Moving Average (SMA) on the 15-minutes chart and the 100 SMA at $0.3149 and 0.3146 respectively. Other support areas include 0.3120, $0.3100 and $0.3000.

XRP/USD 15-minutes chart

Get 24/7 Crypto updates in our social media channels: Give us a follow at @FXSCrypto and our FXStreet Crypto Trading Telegram channel

Author

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

XRP Price Forecast: XRP trades sideways as Ripple targets 10 million agentic AI transactions

Ripple (XRP) is losing momentum on Thursday, albeit gradually, trading above $1.13. The remittance token tagged a weekly high of $1.16 on Tuesday, with gains mainly attributed to developments on the United States (US) Clarity Act and recent signs that inflation is easing in the world’s largest economy.

Crypto Today: Bitcoin, Ethereum, XRP trim gains despite resilient ETF inflows

Cryptocurrency prices are trending lower on Thursday, pressured by renewed inflation concerns stemming from ongoing tensions between the United States (US) and Iran and persistently elevated Oil prices. Bitcoin (BTC) is approaching short-term support at $65,000, with upside resistance remaining firm at $67,000.

Worldcoin Price Forecast: WLD steadies as multiple bullish signals line up

Woldcoin (WLD) price trades around $0.3838 at press time on Thursday, extending a consolidative tone capped beneath the 50-day Exponential Moving Average (EMA) at $0.4141. WLD token emissions are scheduled to drop by 43% from Friday, reducing supply pressure. Retail activity in WLD derivatives remains firm, with a 40% rise in trading volume and elevated funding rates.

Dogecoin Price Forecast: DOGE nears yearly low as risk appetite fades

Dogecoin (DOGE) extends its decline on Thursday, approaching its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Escalating US-Iran conflict and fresh Houthi threats have dampened risk appetite, weighing on speculative assets such as DOGE. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.