- Ripple price rose to 0.6268 yesterday, reaching a new seven-day high.
- Tron price was in an uptrend for seven days until last night, when it formed a high of 0.123445.
Ripple chart analysis
Ripple price rose to 0.6268 yesterday, reaching a new seven-day high. We stopped there and started pulling back to the EMA200 at the 0.6000 level. We got the required support and are moving to the 0.6100 level. We need continued positive consolidation and return to 0.6200 level. With this step, we will approach the highest level recorded yesterday and we can test it. Possible higher targets are 0.6250 and 0.6300 levels.
We need negative consolidation and a pullback back below the EMA200 and 0.6000 levels for a bearish option. This brings us closer to the weekly opening price of 0.5950. A drop below it opens a bearish option for new lower levels. Possible lower targets are 0.5900 and 0.585 levels, our support at the end of the week.
Tron chart analysis
Tron price was in an uptrend for seven days until last night, when it formed a high of 0.123445. Here we encountered resistance and began a retreat that continues to this day. The price fell below the 0.122000 level and the EMA50 in the previous hour. We are now back above those levels but still under bearish pressure. This could lead to a further pullback towards the EMA200.
Possible lower targets are 0.120500 and 0.120000 levels. In that zone, around EMA200, we will also test the weekly open price. We need a new positive reinforcement and EMA50 support for a bullish option. A return to 0.123000 will bring us closer to the previous high. A new test could lead to a breakout to the upper level, and possible higher targets are the 0.124000 and 0.125000 levels.
