Ripple and Tron: Tron continues to dominate this week
- Last Friday, the price of Ripple rose to 0.5796 levels.
- The price of Tron continues to dominate, and on Saturday, we saw a jump to the 0.13963028 level.
Ripple chart analysis
Last Friday, the price of Ripple rose to 0.5796 levels. After that, we watched a pullback from that level to support on Saturday at the 0.5400 level. At that level, we encounter the EMA200 moving average, which does not allow us to fall below. This leads to a new bullish consolidation that continues today. This week’s high price of Ripple is at the 0.5739 level, while the support is at the 0.5550 level.
We are close to testing this week’s high and hope to break above and form a new one. Potential higher targets are 0.5750 and 0.5800 levels. We need a pullback to the 0.5550 support level for a bearish option. New pressure on that level could lead to a breakout below and the formation of a new price low. Potential lower targets are 0.5500 and 0.5450 levels.
Tron chart analysis
The price of Tron continues to dominate, and on Saturday, we saw a jump to the 0.13963028 level. This was followed by a pullback to the 0.13400000 support level. A new bullish consolidation is driving the price and we continue the recovery. In the last week, the price of Tron has increased by 9.90%. The current value is at 0.13744982 level, and this week’s high is at 0.13800000.
We expect to see a break above and the formation of this week’s new high. Potential higher targets are 0.13900000 and 0.14000000 levels. We need a pullback to the 0.13490000 zone weekly open price for a bearish option. New pressure in that zone could influence us to see a drop below and the formation of a new price low. Potential lower targets are 0.13400000 and 0.13300000 levels.
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