The post Expert Analyzes XRP Bullish and Bearish Outlook at Key $0.45 Level appeared on BitcoinEthereumNews.com.

Analyst sees XRP outlook flipping bullish if it reclaims $0.75, neutral at $0.45, and bearish below $0.45 with key support at $0.30. Chart analyst Leb Crypto has provided a detailed analysis on XRP’s midterm outlook, particularly focusing on the symmetrical triangle pattern formed since early 2021. According to Leb Crypto, XRP’s price movement is currently bearish on daily and higher timeframes (HTF).  He notes that a bullish sentiment will emerge if XRP can reclaim the $0.75 level, turning neutral if it holds at $0.45. However, if the price drops below $0.45, the sentiment will turn extremely bearish, with $0.3 being the next significant support level. #xrp midterm (this summer): Currently bearish on daily and HTF.– Bullish if $0.75 is reclaimed. – Neutral if $0.45 holds– Extremely bearish if $0.45 is lost ($0.3 would be next) Respect the price action and trade the charts. Put your emotions or what you think of a project.… pic.twitter.com/z2Bpq19tMT — LE₿ C®️YPTO (@leb_crypto) June 8, 2024 Leb Crypto stressed the importance of respecting price action and trading based on charts rather than emotions or project perceptions. He maintained a long-term bullish outlook, highlighting that XRP has been printing higher macro lows since early 2021. In previous analysis, U-copy provided a timeline for when XRP can break the 7-year symmetrical triangle. According to U-copy, the period from May 15 to August 2024 is highlighted as a critical time frame for XRP to break the long term triangle. XRP is changing hands at $0.4955, with a 24-hour trading volume of $546,855,721. Despite a recent 0.26% increase in the last 24 hours, XRP has experienced a 4.21% decline over the past week.  – Advertisement – Market Analyst Predicts Potential Price Surge Elsewhere, market analyst EGRAG has offered a more optimistic view, predicting a 41% price upswing for XRP,…

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Filed under: News - @ June 10, 2024 3:22 pm