• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Economy

Ripple and Tron: Tron descends to a new August low

by August 6, 2024
written by August 6, 2024

Ripple and Tron: Tron descends to a new August low

The Ripple price retreated to 0.4324 levels yesterday. 
On Monday, the price of Tron fell to the 0.116709 level, forming a new August low there. 

Ripple chart analysis

The Ripple price retreated to 0.4324 levels yesterday. Compared to last week’s high, a 34% drop in price was recorded. Further pullback was stopped at that level, and we found the strength to initiate a bullish consolidation. This morning, the price bounced back above the 0.5000 level, where it found support from the EMA 50 moving average. A new daily high was formed at the 0.5200 level, and we are close to testing the weekly open price of 0.5234.

If we manage to move above to the positive side, the chances of a continuation to the bullish side increase. Potential higher targets are 0.5400 and 0.5600 levels. For a bearish option, we need a negative consolidation and a drop in Ripple price down to the 0.4800 level. This will form a new daily low and confirm the increase in bearish momentum. Potential lower targets are 0.4600 and 0.4400 levels.

 

Tron chart analysis

On Monday, the price of Tron fell to the 0.116709 level, forming a new August low there. The price drop was 16% compared to last Monday. The holddown was short-term, as a bullish consolidation was soon initiated. This morning, we managed to break through the previous high and form a new one at the 0.123333 level. The price is now supported by the EMA 50 moving average, which increases the optimism for further recovery to the bullish side.

Potential higher targets are the 0.124000 and 0.126000 levels. In the 0.127400 zone, we will test the EMA 200 moving average. For a bearish option, we need a new negative consolidation and a drop from the 0.120000 level. This confirms that Tron is losing strength again and could continue on the bearish side. Potential lower targets are the 0.118000 and 0.116000 levels.

 

The post Ripple and Tron: Tron descends to a new August low appeared first on FinanceBrokerage.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Solana and Cardano: Solana manages to stop the retreat
next post
What is GARM? ‘Collusive’ ad group allegedly targeting conservatives faces grilling from top House committee

related articles

Oil Prices Rebound After Trump’s Criticism of Powell

April 22, 2025

Trump’s Fed Criticism Sparks Investor Concerns

April 22, 2025

Buy Bitcoin Under $100K Before The Next Bull...

April 22, 2025

BNB Price Surge Leads Crypto Gains as Bitcoin...

April 21, 2025

Fed’s Stagflation Warning Impacts Crypto Markets

April 21, 2025

Bitcoin Slips to $83.6K Amid Nvidia’s $5.5B Charge

April 21, 2025

Gold Price Surge Hits $3,385 Amid Trade Tensions

April 21, 2025

Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

April 21, 2025

Memecoins, AI, and DeFi Tokens Lead Crypto Rebound

April 21, 2025

Bitcoin Nears $85K Amid Market Optimism

April 21, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Bill taking aim at IRS would strip agency of guns and ammo

    April 16, 2025
  • Trump taps Richard Grenell as presidential envoy for special missions, Edward S. Walsh as Ireland ambassador

    December 15, 2024
  • FBI director nominee Kash Patel broke hostage rescue protocol: whistleblower

    January 28, 2025
  • Trump addresses Ukraine-Russia peace talks, says Zelenskyy will be involved

    February 17, 2025
  • With 5 days until voting starts, ‘election season’ kicks off sooner than you think

    September 1, 2024

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,005)
  • Investing (634)
  • Stock (809)

Latest Posts

  • DOGE eyes suggestions to slash federal DEI programs: report

    January 17, 2025
  • Why did Trump leave G7 early? ‘Much bigger’ than Iran cease-fire, he says

    June 17, 2025
  • Key Trump voting bloc has concerns with MAHA report, as Trump officials give assurances

    May 26, 2025

Recent Posts

  • Trump DOJ investigating Biden-era pardons amid concerns over state of mind

    June 3, 2025
  • DOJ reveals it has Biden transcripts at issue in classified docs case after initial denial

    July 23, 2024
  • Federal agencies scrub climate change from websites amid Trump rebranding

    February 3, 2025

Editor’s Pick

  • Kim Jong Un promises to ‘steadily strengthen’ North Korea’s ‘nuclear force’

    September 11, 2024
  • Reddit co-founder Alexis Ohanian takes minority stake in Chelsea FC women’s team

    May 16, 2025
  • BYD Raise $5.2 Billion to Boost EV Market Share

    March 3, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock