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Tron pulls back from its recent peak, what about Ripple?

Tron pulls back from its recent peak, what about Ripple?

The price of Ripple pulled back yesterday to a support level of 0.5327. The Tron price has stalled a bit on its bullish rally.

Ripple chart analysis

The price of Ripple pulled back yesterday to a support level of 0.5327. We find support at that level and recover to the 0.5500 level. Here, we encounter the EMA200, which prevents us from moving above. This leads to a pullback to 0.5400 and a new bullish consolidation and testing of the 0.5500 level. We need a stronger impulse that would move us above and increase the chances of a bullish trend.

Potential higher targets are 0.5550 and 0.5600 levels. We would have to break below the 0.5400 level for a bearish option. This would move the pressure to the daily support zone. A break below drops us to a test of this week’s support zone. Potential lower targets are 0.5350 and 0.5300 levels.

Tron chart analysis

The Tron price has stalled a bit on its bullish rally. We are moving for the second day in the 0.13850000-0.14100000 range. We remain high and expect to see a continuation to the bullish side with the formation of a new high. Potential higher targets are 0.14150000 and 0.14200000 levels.

The price would have to first break below the 0.13850000 support level for a bearish option. There would be an increase in pressure on the price, and if it gives way, it will be followed by a retreat to lower levels. Potential lower targets are 0.13800000 and 0.13750000 levels. For now, we are thinking about the bullish side and the continuation of the previous trend.

The post Tron pulls back from its recent peak, what about Ripple? appeared first on FinanceBrokerage.

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