Ripple and Tron: Tron continues its bullish trend today
The price of Ripple has been in retreat since yesterday
Tron’s price climbed to a new weekly high at 0.132045
Ripple analiza grafikona
The price of Ripple has been in retreat since yesterday. The price began to retreat after the weekly high was formed at the 0.5840 level. By the end of the day, we saw a drop below the EMA 200 moving average and the 0.5700 level. Ripple remained under pressure today, and this morning, we saw a pullback to the 0.5630 level. We haven’t moved far from there and are hovering around 0.5650. Bearish pressure is growing again, which could continue to pull the price to new lower levels.
Potential lower targets are 0.5600 and 0.5550 levels. Ripple could initiate a bullish consolidation if we manage to hold above the 0.5650 level. With the return above the 0.5750 level, we cross the EMA 200 moving average and hope for its support. Potential higher targets are 0.5800 and 0.5850 levels.
Tron chart analysis
Tron’s price climbed to a new weekly high at 0.132045. We are currently stopping there and making a short pullback to the 0.131700 level. Bullish momentum prevails, and we expect this pullback to end quickly and return to the bullish side. After that, we will see a break above and rise to a new weekly high. Potential higher targets are the 0.132500 and 0.1330000 levels.
For a bearish option, we need a stronger bearish impulse and a pullback to the 0.130500 level. There, we will test the daily open price. Tron could be under pressure to make another push below and create a new daily low. Potential lower targets are 0.130000 and 0.129500 levels. Possible price support for Tron awaits at the EMA 50 moving average at 0.130000.
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