After staging a bullish breakaway from its previous range, Ripple has fallen into yet another range-bound pattern between $0.3600 and $0.3500.
The cryptocurrency is expected to continue in this pattern until the Ethereum Merge, which is slated for September 15. The general expectation from the event is a bullish breakout for the cryptocurrency, which could spur a return to the $0.4000 mark.
Backing this upbeat possibility is the formation of a golden cross, a bullish pattern.
Meanwhile, my resistance levels are $0.3600, $0.3800, and $0.4000, and my support levels are $0.3500, $0.3400, and $0.3300.
Total Market Capitalization: $1.06 trillion
Ripple Market Capitalization: $17.5 billion
Ripple Dominance: 1.4%
Market Rank: #7
The cryptocurrency is expected to continue in this pattern until the Ethereum Merge, which is slated for September 15. The general expectation from the event is a bullish breakout for the cryptocurrency, which could spur a return to the $0.4000 mark.
Backing this upbeat possibility is the formation of a golden cross, a bullish pattern.
Meanwhile, my resistance levels are $0.3600, $0.3800, and $0.4000, and my support levels are $0.3500, $0.3400, and $0.3300.
Total Market Capitalization: $1.06 trillion
Ripple Market Capitalization: $17.5 billion
Ripple Dominance: 1.4%
Market Rank: #7