- Last night, we saw the price of Ripple hit a new weekly high at 0.6629.
- TRON price has been in a bullish consolidation since Friday evening at the 0.115109 level.
Ripple chart analysis
Last night, we saw the price of Ripple hit a new weekly high at 0.6629. This was followed by a pullback to support at 0.6400. From there, we started a new positive consolidation all the way to the 0.6500 level. For now, we hold below and wait for a new push to jump above this level. After that, we look again at the 0.6600 level and test yesterday's high.
Possible higher targets are 0.6650 and 0.6700 levels. We need a negative consolidation and a drop below the daily opening price of 0.6400 for a bearish option. Therefore, we fall to a new daily low and confirm that we are under slight downward pressure.
Additional support is the EMA50 moving average. Below, we move to the 0.6300 level and test the EMA200. Falling below these support levels will be in big trouble.
Tron chart analysis
TRON price has been in a bullish consolidation since Friday evening at the 0.115109 level. Over the weekend we saw a slight bullish consolidation with a new daily high at the 0.121000 level. On Monday, the price was initially volatile and under pressure, which led to it falling to the support at 0.117000. We managed to stay above that level, and from there we started a bullish consolidation that continues today.
This takes us to a daily high of 0.122165. We now have additional support at the EMA200, and it is easier for us to start further recovery. Possible higher targets are 0.123000 and 1.24000 levels.
We need negative consolidation and pullbacks below 1.120000 for a bearish option. With this step we return to the downside, after which a decline in the Tron price becomes inevitable. Possible lower targets are 0.119000 and 0.11800 levels.
