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

Ripple and Tron: Tron descends to a new weekly low

by September 3, 2024
written by September 3, 2024

Ripple and Tron: Tron descends to a new weekly low

On Sunday evening, the Ripple price dropped to 0.5446, forming a new three-week low
Tron’s price has just dropped to a new weekly low at 0.152358

Ripple chart analysis

On Sunday evening, the Ripple price dropped to 0.5446, forming a new three-week low. After that, on Monday, we saw the initiation of a bullish consolidation and price growth above the 0.5600 level and the EMA 50 moving average. This led us to continue the work and climb the Eutros above 0.5700 and the EMA 200 moving average. Ripple is now trying to continue above and strengthen the bullish momentum.

Potential higher targets are the 0.5750 and 0.5800 levels. For a bearish option, we need a negative consolidation and a return below the 0.5600 level. Thus, we move away from our previous high and strengthen the bearish momentum. Potential lower targets are the 0.5550 and 0.5500 levels.

 

Tron chart analysis

Tron’s price has just dropped to a new weekly low at 0.152358. Over the weekend, we saw a breakout below the EMA 200 moving average, which only added to the bearish momentum. On Monday, we tried to initiate a bullish consolidation, but we were stopped at the 0.156900 level. From there, this week’s bearish consolidation, which is current even now, was initiated. Potential lower targets are the 0.152000 and 1.151000 levels.

For a bullish option, we need a positive Tron price consolidation above the 0.154000 level. After we stabilize there, we will have an opportunity to continue on the bullish side and return above the weekly open price. This would put us back on the positive side and increase the chances of recovery. Potential higher targets are 0.157000 and 0.158000 levels.

 

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

0 comment
0
FacebookTwitterPinterestEmail

previous post
Stellar and Bitcoin Cash: Stellar bounced back to EMA 200 
next post
Solana and Cardano: Solana loses momentum again

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

  • Waltz tells Iran to give up nuclear program or ‘there will be consequences’

    March 23, 2025
  • Did Jamie Dimon and Bill Ackman influence Trump’s tariff pause?

    April 11, 2025
  • ApeCoin and Akita Inu: ApeCoin makes a new weekly high

    August 21, 2024
  • Top trade association sends letters calling on big changes in three key departments: ‘Unleash American energy’

    January 24, 2025
  • Israel strikes Hezbollah targets inside Lebanon; IDF warns residents to stay near bomb shelters

    September 20, 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 (4,433)
  • Investing (593)
  • Stock (735)

Latest Posts

  • Long BDX: bullish breakout above key resistance with strong institutional support and uptrend confirmation

    March 19, 2025
  • Netanyahu to meet Trump as Israeli leader looks to rekindle relationship

    July 26, 2024
  • Putin conscripts 160K men as Russia eyes Ukraine offensive

    April 1, 2025

Recent Posts

  • Amazon can now be held responsible for defective products sold by third-party sellers

    July 30, 2024
  • AUDUSD and AUDNZD: AUDUSD has a chance to start a recovery

    July 26, 2024
  • Trump’s pick for UN ambassador hailed by Israeli minister as ‘warrior against antisemitism’

    January 24, 2025

Editor’s Pick

  • Bitcoin price under pressure since the beginning of the week

    August 28, 2024
  • Harris paid Oprah $1 million in failed bid to help campaign: report

    November 11, 2024
  • Trump reacts to Secret Service director resigning: ‘She never gave me proper protection’

    July 23, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

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