• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Economy Ripple and Tron: Ripple faces new resistance on Thursday
Economy

Ripple and Tron: Ripple faces new resistance on Thursday

by September 13, 2024
by September 13, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

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.

You Might Also Like
  • Suit challenges Arkansas law charging librarians for showing minors ‘harmful’ material
  • Harris proposes major corporate tax hike, reversing Trump era cuts
  • ‘Great asset’: Radical Dems, socialists thrilled by Harris’ VP pick Tim Walz
  • Rep George Santos charged by DOJ in federal probe, expected to appear in court this week
Share
0
FacebookTwitterPinterestWhatsapp

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

What Deeper Lessons Can We Learn From Southwest Airlines’ Meltdown?

January 4, 2023

Dogecoin and Shiba Inu are falling to new weekly lows

October 1, 2024

Senate Dems put on the spot, asked directly if Sen....

April 17, 2023

Biden’s key immigration policy allowing hundreds of thousands of migrants...

August 21, 2023

House Judiciary Committee investigates ‘manipulated’ evidence seized by FBI in...

May 8, 2024

Judge in Trump classified docs case grants Jack Smith request...

April 11, 2024

AI enabling Iran’s crackdown on women as authoritarian regime uses...

June 8, 2024

Adam Smith on Humanity’s Greatest Weakness

December 20, 2022

Rachel Levine urges parents to ‘speak up,’ defend vaccines at...

August 6, 2023

Hezbollah bombards Israel with rockets, drones

June 13, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right Now

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025
    • U.S. foreign tax bill sends jitters across Wall Street

      May 30, 2025
    • Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products

      May 30, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,765 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,472 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,451 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,432 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,308 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Breakouts, Momentum & Moving Averages: 10 Must-See Stock Charts Right...

      May 31, 2025
    • Leadership Rotation Could Confirm Corrective Phase

      May 30, 2025
    • Run Your Stock Portfolio Like a Pro Sports Team

      May 30, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,106)
    • Investing (538)
    • Stock (2,581)

    Disclaimer: RoundTableThoughts.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 © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Ohio lawmaker moves to force vote...

    March 30, 2023

    Major GOP donor reveals how Trump’s...

    May 1, 2024

    Bill and Hillary Clinton tap into...

    June 19, 2024
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here