Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
Green Technology Metals: Delivering the Next Lithium Hub...
Canada’s Place in Global Mining: Why it’s a...
New Research on Deep-Sea Mineral Sources Reveals Ecological...
Silver47 Exploration – OTC Markets Request
Zeus Resources: Unlocking Morocco’s High-grade Antimony in a...
Lo Herma Hydrogeology Testing & Resource Expansion Drilling
Gold Price Breaks US$3,700, Then Falls as Fed...
Successful Heavily Supported Placement to Raise $25.1 Million
How to Invest in Vanadium Stocks
Ben & Jerry’s co-founder resigns, claiming parent company...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Economy

Ripple and Tron: Ripple faces new resistance on Thursday

by admin September 13, 2024
September 13, 2024
Ripple and Tron: Ripple faces new resistance on Thursday

Ripple and Tron: Ripple faces new resistance on Thursday

  • This week, the Ripple price is constantly under pressure from the EMA 200 moving average
  • Yesterday, new support for the Tron price was formed at the 0.152000 level

Ripple chart analysis

This week, the Ripple price is constantly under pressure from the EMA 200 moving average. It is now at 0.5400 and trying to move above the moving average again. For something like that, we need a new impulse, at least up to the 0.5500 level. This would give the price some room to consolidate above before resuming the bullish side. Potential higher targets are the 0.5550 and 0.5600 levels.

For a bearish option, we need a negative consolidation and a new pullback down to 0.5300 at the weekly open level. This time, a new visit to this zone could make a breakout below and move the price of Ripple to the downside. We expect that increasing pressure on the price to start a further retreat and form a new weekly low. Potential lower targets are 0.5200 and 0.5150 levels.

 

Tron chart analysis

Yesterday, new support for the Tron price was formed at the 0.152000 level. After that, the price gained new support and initiated a bullish consolidation again above the EMA 200 moving average. That further strengthened the bullish scenario, and we managed to get back above the weekly open price again. Tron gained additional momentum there and rose to the 0.154400 level. It is about to test the weekly high at 0.154944. If this trend continues, it could happen soon.

Potential higher targets are 0.155000 and 0.156000 levels. For a bearish option, we need a negative consolidation and a new descent back to the weekly open level. This level is very important for the future trend of Tron price. With the growth of bearish momentum, the price will pull back below the EMA 200 moving average. Increased pressure on Tron could easily push the price to a new weekly low and thus extend the bearish scenario. Potential lower targets are 0.151000 and 0.150000 levels.

 

The post Ripple and Tron: Ripple faces new resistance on Thursday appeared first on FinanceBrokerage.

previous post
Solana and Cardano: Cardano at new monthly high
next post
SafeMoon and Litecoin: SafeMoon is holding above the EMA 200

You may also like

IBIT and the Evolution of Spot Bitcoin ETFs

August 22, 2024

Bitcoin & Ethereum: Sharp Fall on Oct 31,...

November 8, 2024

Bitcoin price continues to pull back on Monday

September 3, 2024

SAP SE: $277B Giant’s Growth Trajectory at $225.85

October 5, 2024

S&P 500 Extends Best Weekly Winning, Futures Edge...

October 22, 2024

S&P 500 Surges to 6,000: Election Year Momentum

October 22, 2024

AUDUSD consolidates around the weekly open price

August 31, 2024

Nvidia Stock Slumps as Dow Futures Edge Lower

November 27, 2024

Quantum Computing Investments: Opportunities & Risks

February 2, 2025

Nvidia Stock Hits Record High of $146.47

November 9, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Green Technology Metals: Delivering the Next Lithium Hub in North America

      September 18, 2025
    • Canada’s Place in Global Mining: Why it’s a Top Jurisdiction for Investors and Companies

      September 18, 2025
    • New Research on Deep-Sea Mineral Sources Reveals Ecological Importance

      September 18, 2025
    • Silver47 Exploration – OTC Markets Request

      September 18, 2025
    • Zeus Resources: Unlocking Morocco’s High-grade Antimony in a Tightening Supply Market

      September 18, 2025
    Promotion Image

    banner ads

    Categories

    • Business (857)
    • Economy (829)
    • Investing (2,843)
    • Politics (737)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 smarttradeinsights.com | All Rights Reserved