Ripple Price Struggles: Lower Highs and Lows Explained

<div><img width="1038" height="584" src="https://www.financebrokerage.com/wp-content/uploads/2022/11/a0909732-bfa8-4f0d-95b9-890dafb87d25.png" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Ripple" decoding="async" loading="lazy" /></div><h1><strong>Ripple Price Struggles: Lower Highs and Lows Explained</strong></h1>
<ul>
<li aria-level="1">On Saturday, we saw the formation of a lower high for the Ripple price at the 0.5270 level.</li>
<li aria-level="1">Today, we see a jump in Tron price to 0.12777086 level.</li>
</ul>
<h2><b>Ripple chart analysis</b></h2>
<p>On Saturday, we saw the formation of a lower high for the Ripple price at the 0.5270 level. This was followed by a negative consolidation and pullback below the EMA200 and 0.5100 levels. The decline did not stop there; we saw a continuation to the 0.5000 level on Sunday. The lower low was formed on Monday at the 0.4969 level. Since then, we have been in a two-day sideways consolidation in the 0.4670-0.5100 range.</p>
<p>For now, we are in a mild bullish trend by moving the lows up. We need a stronger bullish impulse to take us back to 0.5100 and a test of the EMA200 moving average. A move above would get us out of the <a href="https://www.financebrokerage.com/what-is-a-bearish-engulfing-candle/">bearish</a> embrace, and after that, we could expect to see further recovery. Potential higher targets are 0.5150 and 0.5200 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-259208 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/02/61miYbAg-1024×598.jpg" alt="Ripple chart analysis" width="1024" height="598" /></p>
<h2><b>Tron chart analysis</b></h2>
<p>Today, we see a jump in Tron price to 0.12777086 level. With this jump, we were able to return to November 2021. After two and a half years, Tron managed to climb everything to this level. After this success, the price makes a retreat to the 0.12200000 level. Last week, we saw the price break away from the EMA200 and moved strongly to the bullish side, which resulted in this morning’s jump.</p>
<p>The current pullback could take us to the EMA200 in search of new support before we start a further recovery. Potential lower targets are 0.12000000 and 0.11800000 levels. We need a new momentum for a bullish option to trigger a positive consolidation and further recovery. Potential higher targets are 0.12400000 and 0.12600000 levels.</p>
<p><img decoding="async" loading="lazy" class="aligncenter wp-image-259209 size-large" src="https://www.financebrokerage.com/wp-content/uploads/2024/02/zM3WeoNj-1024×598.jpg" alt="Tron Chart Analysis" width="1024" height="598" /></p>
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