The price of Ripple has shown stability, managing to stay above the EMA200 moving average at the start of this week. This morning’s confirmation at the weekly open price is a positive sign. Now, we eagerly await an impulse to push us to the 0.4850 level, where we will test yesterday’s high. A break above this level and a climb to a new weekly high would provide a much-needed confirmation for a bullish continuation.
While the potential for higher targets at 0.4900 and 0.4950 levels is promising, we must also consider a bearish scenario. A negative consolidation and pullback below the EMA200 and the weekly open price could shift us to the bearish side, with a focus on last week’s lows. Potential lower targets are at 0.4700 and 0.4650 levels, urging caution in our analysis.
The price of Tron was in a strong bullish trend during June. We started from 0.110100 to 0.130687 level. At the start of this week, we had a strange bearish impulse that pushed the price of Tron down to the 0.110821 level. This impulse lasted a few seconds as we immediately returned to the 0.128000 level. Today’s movement is calmer without major oscillations for now. Yesterday’s bearish impulse could indicate a reversal and a move to the bearish side.
The first support is the EMA50 moving average at the 0.126700 level. A break below leads to an increase in bearish momentum that could bring down the price of Tron. Potential lower targets are 0.124000 and 0.122000 levels. We need a positive consolidation and a move above the 0.129000 level for a bullish option. Thus, we move to the new weekly high and confirm the bullish scenario. Potential higher targets are 0.130000 and 0.132000 levels.
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