XRP and Cardano price analysis: 2.40 on ADA matters 1.22 on XRP

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XRP: XRP/USDT

The price action, which still cannot create a new peak in the medium and long term, is in the formation of a flag formation in the 4-hour time frame. If the flag formation works and takes its target, it will create a new peak level and start the uptrend in the medium and long term. 1.0141 support is very important in the declines. As long as this level is not broken down and the candle closes below, the rises will continue. On the rise, 1.2189 and 1.3314 resistance levels should be followed. If the 1.4151 level is opened, it will start the upward trend again in the long term.

XRP chart: XRP/USDT

After the bowl formation on the daily chart, the price movement, which entered a downtrend in the medium term, breaks the 2.420 level and if the candle closes above it, the upward trend starts again in the medium term. On the declines, 2.071 support level should be followed. As long as this level is not broken down and the candle closes below, the rise will continue. If the 2.420 resistance level is broken, the 2.800 resistance level should be followed.


Cardano chart: ADA/USDT