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This Is How #ripple (XRP) Price Is Primed for an 18% Correction
The ongoing lack of recovery appears to be prompting investors to offload their holdings, potentially exacerbating the decline & complicating any efforts to bounce back.
Ripple Investors React to Decline
- With the XRP price dropping to $0.42, a wave of pessimism has swept through many token holders, evident in their actions. The divergence in daily active addresses (DAA) is currently signaling a sell-off.
- This divergence occurs when the price is either rising while participation decreases or when both factors are negative. In XRP's case, it's the latter scenario, indicating that holders are likely looking to offload their assets before incurring further losses.
- This cautious sentiment is also spreading to potential investors, as reflected in the network growth metric, which has plummeted to a four-year low. Network growth measures the rate at which new addresses are being created on the network.
- It serves as a gauge of the project's traction in the market, signaling whether it's gaining or losing momentum. Ripple's declining network growth suggests that potential investors perceive little benefit in engaging with XRP transactions.
XRP Price Forecast: Maintaining Above Critical Level Is Crucial
- At its current trading price of $0.53, XRP is hovering just above the 23.6% Fibonacci Retracement level between $0.73 & $0.42. This level, often referred to as the bear market support floor, is critical because as long as it holds, there remains a chance for the crypto asset to stage a recovery.
- Amid bearish sentiment, XRP might break below the support level, potentially dropping to $0.47, marking an 18% decline from its recent peak to the $0.42 support level.
- Nevertheless, if XRP manages to bounce back from the 23.6% Fib line & reclaim the 38.2% Fib level at $0.57 as support, it could invalidate the bearish outlook. This would potentially propel the #altcoin to rise to $0.60 and recover its recent losses.
Source - beincrypto.com
#cryptocurrency #BinanceSquareTalks #CryptoNews🔒📰🚫
The ongoing lack of recovery appears to be prompting investors to offload their holdings, potentially exacerbating the decline & complicating any efforts to bounce back.
Ripple Investors React to Decline
- With the XRP price dropping to $0.42, a wave of pessimism has swept through many token holders, evident in their actions. The divergence in daily active addresses (DAA) is currently signaling a sell-off.
- This divergence occurs when the price is either rising while participation decreases or when both factors are negative. In XRP's case, it's the latter scenario, indicating that holders are likely looking to offload their assets before incurring further losses.
- This cautious sentiment is also spreading to potential investors, as reflected in the network growth metric, which has plummeted to a four-year low. Network growth measures the rate at which new addresses are being created on the network.
- It serves as a gauge of the project's traction in the market, signaling whether it's gaining or losing momentum. Ripple's declining network growth suggests that potential investors perceive little benefit in engaging with XRP transactions.
XRP Price Forecast: Maintaining Above Critical Level Is Crucial
- At its current trading price of $0.53, XRP is hovering just above the 23.6% Fibonacci Retracement level between $0.73 & $0.42. This level, often referred to as the bear market support floor, is critical because as long as it holds, there remains a chance for the crypto asset to stage a recovery.
- Amid bearish sentiment, XRP might break below the support level, potentially dropping to $0.47, marking an 18% decline from its recent peak to the $0.42 support level.
- Nevertheless, if XRP manages to bounce back from the 23.6% Fib line & reclaim the 38.2% Fib level at $0.57 as support, it could invalidate the bearish outlook. This would potentially propel the #altcoin to rise to $0.60 and recover its recent losses.
Source - beincrypto.com
#cryptocurrency #BinanceSquareTalks #CryptoNews🔒📰🚫
$BNB Paranız var ve Coin piyasası’nda acemisiniz , Şimdi size en garanti para nasıl kazanılır onu anlatacağım;
Bitcoin Etherium Altcoin Üst Coin Hepsini unutun. Kasa oranınız diyelim 30K dolar bu paranın 3/1 kısmına Bnb Coin aldınız , Binance ayda şu an 4 kripto para projesi yapıyor ve 10K dolar için aldığımız Bnb leri launchpool da stake ederek ortalama satışlardan 400$ neredeyse sabit bir gelir elde edebilirsiniz. Şimdi buraya kadar tamam aşağıdaki resim de Bnb günlük grafik te bu projeler sayesinde ne kadar sağlam duruyor onu da görebilirsiniz . Teyit etmek isterseniz bu grafik yanına Bitcoin Etherium be en güvendiğiniz bir altcoin grafiği açarak karşılaştırın. Projelerden elde edeceğiniz altcoin satışa açıldığında satabilir yada uzun vade elinizde bekletebilirsiniz. Ama burada asıl amaç hem Bnb ile fiyatsal açıdan sermaye gücünü korur hemde çıkan projelerden sabit bir getiri elde edebilirsiniz. Gelelim kasada kalan 3/2 paraya onunlada ne alıp satarsanız yapın güzel maceralar sizi bekliyor karışmıyorum :)))
#etherium #bitcoin #altcoin #bnbstake #adventure
Bitcoin Etherium Altcoin Üst Coin Hepsini unutun. Kasa oranınız diyelim 30K dolar bu paranın 3/1 kısmına Bnb Coin aldınız , Binance ayda şu an 4 kripto para projesi yapıyor ve 10K dolar için aldığımız Bnb leri launchpool da stake ederek ortalama satışlardan 400$ neredeyse sabit bir gelir elde edebilirsiniz. Şimdi buraya kadar tamam aşağıdaki resim de Bnb günlük grafik te bu projeler sayesinde ne kadar sağlam duruyor onu da görebilirsiniz . Teyit etmek isterseniz bu grafik yanına Bitcoin Etherium be en güvendiğiniz bir altcoin grafiği açarak karşılaştırın. Projelerden elde edeceğiniz altcoin satışa açıldığında satabilir yada uzun vade elinizde bekletebilirsiniz. Ama burada asıl amaç hem Bnb ile fiyatsal açıdan sermaye gücünü korur hemde çıkan projelerden sabit bir getiri elde edebilirsiniz. Gelelim kasada kalan 3/2 paraya onunlada ne alıp satarsanız yapın güzel maceralar sizi bekliyor karışmıyorum :)))
#etherium #bitcoin #altcoin #bnbstake #adventure
Which Altcoins are you buying today?
$SOL
$BRETT
$MYRO
$NXRA
$BICO
$FTM
$FRONT
$PROPY
$ETH
$MUMU
#AltSeasonComing #altcoin #token #tambirahmed78
$SOL
$BRETT
$MYRO
$NXRA
$BICO
$FTM
$FRONT
$PROPY
$ETH
$MUMU
#AltSeasonComing #altcoin #token #tambirahmed78
$COMP
📈 LONG
Entry : 59.50 - 57.65
✍🏻 Targets :
🟢59.83🎯
🟢60.15🎯
🟢60.46🎯
🟢60.84🎯
🟢61.12🎯
🟢61.46🎯
🟢62.87🎯
🤑Leverage : 25x Cross
🚦Stoploss : 55.97
Remember trading is riski so use low funds like 5%
follow my telegram challen OSM_TRADERS
if you can't hold you can't make
#compusdt #BullorBear #altcoin #bitcoinhalving
📈 LONG
Entry : 59.50 - 57.65
✍🏻 Targets :
🟢59.83🎯
🟢60.15🎯
🟢60.46🎯
🟢60.84🎯
🟢61.12🎯
🟢61.46🎯
🟢62.87🎯
🤑Leverage : 25x Cross
🚦Stoploss : 55.97
Remember trading is riski so use low funds like 5%
follow my telegram challen OSM_TRADERS
if you can't hold you can't make
#compusdt #BullorBear #altcoin #bitcoinhalving
#altcoin and #memecoin season on the rise. I’ve got this gem that was just released yesterday on Base:
https://pawthereum.com
Check it out, join the telegram and make sure to purchase in this early stages. Its not a pump and dump, its no quick buck… Price will continually grow within the next weeks and months.
#PAWTH
https://pawthereum.com
Check it out, join the telegram and make sure to purchase in this early stages. Its not a pump and dump, its no quick buck… Price will continually grow within the next weeks and months.
#PAWTH
#BullorBear
🚦 BAKE/USDT
BUY/LONG 🟢
SPOT & FUTURE✳️
Entries : 👇
BUY at Market Price Range :
🔥$0.2572 - $0.2683🔥
Take Profits🤑:🚀👇
TP1: $0.2966🎯✅
TP2: $0.3138🎯✅
TP3: $0.3442🎯✅
TP4: $0.3801🎯✅
TP5: $0.4039🎯✅
TP6: $0.4487🎯✅
Stop Loss: $0.1982⚠️
Trading is riski so use low funds like 5%
follow our telegram challen OSM_TRADERS
remember trading is not risk free
like share follow comment
#BAKEUSDT #bitcoinhalving #Memecoins #altcoin
$BAKE
🚦 BAKE/USDT
BUY/LONG 🟢
SPOT & FUTURE✳️
Entries : 👇
BUY at Market Price Range :
🔥$0.2572 - $0.2683🔥
Take Profits🤑:🚀👇
TP1: $0.2966🎯✅
TP2: $0.3138🎯✅
TP3: $0.3442🎯✅
TP4: $0.3801🎯✅
TP5: $0.4039🎯✅
TP6: $0.4487🎯✅
Stop Loss: $0.1982⚠️
Trading is riski so use low funds like 5%
follow our telegram challen OSM_TRADERS
remember trading is not risk free
like share follow comment
#BAKEUSDT #bitcoinhalving #Memecoins #altcoin
$BAKE
#Altcoinseason2024
One of the few charts you should be interested in when we talk about Altcoins.
It's just a waiting game imo.
I expect a wave like in 2017. If you ask me why, just look at this chart.
Looks pretty damn similar, just on a larger scale.
Follow for more.
🚀
💼 Fill your bags now if you haven't already! It's not too late to join the party and ride the wave to profits. 💰
🙌 Thank me later. Don't miss out on this opportunity! 🌟
If you agree 👇
❤if you find this information helpful, consider supporting me through the Binance Tipping feature. Your generosity helps me provide quality content. thanks 🙏
#altcoin #altcoinbullish #BullishStrategy #realmabbaskhan
One of the few charts you should be interested in when we talk about Altcoins.
It's just a waiting game imo.
I expect a wave like in 2017. If you ask me why, just look at this chart.
Looks pretty damn similar, just on a larger scale.
Follow for more.
🚀
💼 Fill your bags now if you haven't already! It's not too late to join the party and ride the wave to profits. 💰
🙌 Thank me later. Don't miss out on this opportunity! 🌟
If you agree 👇
❤if you find this information helpful, consider supporting me through the Binance Tipping feature. Your generosity helps me provide quality content. thanks 🙏
#altcoin #altcoinbullish #BullishStrategy #realmabbaskhan
$APE /USDT - LONG
🟢Entry : 1.3228 - 1.2830
🟢Leverage : 25x ,20x Cross
🎯Targets :
🟢1.3287🎯
🟢1.3355🎯
🟢1.3410🎯
🟢1.3497🎯
🟢1.3576🎯
🟢1.3642🎯
🟢1.3724🎯
⚠️Stoploss : 1.2433⚠️
remember trading is riski use 5% funds💰
follow my telegram challen OSM_TRADERS
like follow share and comment
#bitcoinhalving #APEUSDT #WIF #altcoin
🟢Entry : 1.3228 - 1.2830
🟢Leverage : 25x ,20x Cross
🎯Targets :
🟢1.3287🎯
🟢1.3355🎯
🟢1.3410🎯
🟢1.3497🎯
🟢1.3576🎯
🟢1.3642🎯
🟢1.3724🎯
⚠️Stoploss : 1.2433⚠️
remember trading is riski use 5% funds💰
follow my telegram challen OSM_TRADERS
like follow share and comment
#bitcoinhalving #APEUSDT #WIF #altcoin
7 Token Unlocks of the Upcoming Week.
🔶 Ronin - $124.89M
🔶 AltLayer - $41.19M
🔶 Axelar - $31.58M
🔶 Ribbon Finance - $25.47M
🔶 SPACE ID - $15.37M
🔶 GateToken - $13.95M
🔶 Yield Guild Games - $12.40M
#bitcoinhalving #Memecoins #token #bitcoin #altcoin #trending
🔶 Ronin - $124.89M
🔶 AltLayer - $41.19M
🔶 Axelar - $31.58M
🔶 Ribbon Finance - $25.47M
🔶 SPACE ID - $15.37M
🔶 GateToken - $13.95M
🔶 Yield Guild Games - $12.40M
#bitcoinhalving #Memecoins #token #bitcoin #altcoin #trending
✨STX/USDT
🎗 Trade Type = LONG 🟢
💫 Leverage :- 20x
⚡️ Entry = [ 2.35 TO 2.45 ]
❌ StopLoss :- 2.17
✅Take profit = [ 2.47 , 2.50 , 2.54 , 2.58 , 2.64 , 2.70 ]
DYOR
$STX
#altcoin #bitcoinhalving #BullorBear
🎗 Trade Type = LONG 🟢
💫 Leverage :- 20x
⚡️ Entry = [ 2.35 TO 2.45 ]
❌ StopLoss :- 2.17
✅Take profit = [ 2.47 , 2.50 , 2.54 , 2.58 , 2.64 , 2.70 ]
DYOR
$STX
#altcoin #bitcoinhalving #BullorBear
