{"id":6970,"date":"2023-07-02T17:12:38","date_gmt":"2023-07-02T21:12:38","guid":{"rendered":"http:\/\/leadingcryptonews.com\/ripple-builds-energy-to-break-higher-a-series-of-higher-lows-points-to-more-upside\/"},"modified":"2023-07-02T17:12:38","modified_gmt":"2023-07-02T21:12:38","slug":"ripple-builds-energy-to-break-higher-a-series-of-higher-lows-points-to-more-upside","status":"publish","type":"post","link":"https:\/\/leadingcryptonews.com\/ripple-builds-energy-to-break-higher-a-series-of-higher-lows-points-to-more-upside\/","title":{"rendered":"Ripple builds energy to break higher. A series of higher lows points to more upside."},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<p>    <noscript><img class=\"lazyload\" data-src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2022\/02\/1644326373279-f9da6d8e-eda3-4d3b-999a-61c326a56864.jpg\" alt=\"\" width=\"100%\" height=\"100%\"\/><\/noscript>\n                    <\/div>\n<ul class=\"decimal_type\">\n<li>Ripple builds energy to break higher<\/li>\n<li>A series of higher lows points to more upside<\/li>\n<li>The bullish case is valid as long as the price holds above $0.3<\/li>\n<\/ul>\n<p>Ripple is one of the major cryptocurrencies that rallied in 2023. It opened the trading year at $0.3 and rallied all the way to $0.55.<\/p>\n<p>But traders now wonder if the inability to move above $0.55 is a sign of weakness.<\/p>\n<p>It may well be.<\/p>\n<p>However, if Ripple holds above $0.33, a technical trader can build a bullish case for it.<\/p>\n<p><img decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/media.igms.io\/2023\/05\/30\/1688125686653-40c677ee-6985-40bb-8063-ff3546997ede.jpg\" style=\"width: 1800px\" class=\"fr-fic fr-dib lazyload\" width=\"1800\" height=\"490\"\/><noscript><img decoding=\"async\" src=\"https:\/\/media.igms.io\/2023\/05\/30\/1688125686653-40c677ee-6985-40bb-8063-ff3546997ede.jpg\" style=\"width: 1800px\" class=\"fr-fic fr-dib lazyload\" width=\"1800\" height=\"490\"\/><\/noscript><\/p>\n<p>Ripple chart by TradingView<\/p>\n<h2>Ripple tries to break above the $0.55 resistance level<\/h2>\n<p>Ripple tried to break above the $0.55 resistance level three times in a row. It failed every time.<\/p>\n<p>But each rejection brought nothing but new buyers buying the dip. Moreover, the series of higher lows holds intact, suggesting that the market builds energy to break above horizontal resistance.<\/p>\n<p>Providing the price action holds above $0.3, which proved to be horizontal support part of a possible double bottom pattern, one can build a bullish case for Ripple.<\/p>\n<p>First, the double bottom pattern does suggest that more upside should follow a break above $0.55.<\/p>\n<p>Second, the market built a series of higher lows, a typical structure in bullish markets.<\/p>\n<p>Therefore, bulls may want to wait for Ripple to close above $0.55 until establishing long positions. Ripple should find little or no resistance until the $0.75 level on such a move.<\/p>\n<div class=\"post-meta\">\n<p>                        Share this articleCategories\n                    <\/p><\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/a-bullish-case-for-ripple-if-current-lows-hold\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ripple builds energy to break higher A series of higher lows points to more upside The bullish case is valid as long as the price holds above $0.3 Ripple is one of the major cryptocurrencies that rallied in 2023. It opened the trading year at $0.3 and rallied all the way to $0.55. But traders [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-6970","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ripple builds energy to break higher. A series of higher lows points to more upside. - Leading Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadingcryptonews.com\/ripple-builds-energy-to-break-higher-a-series-of-higher-lows-points-to-more-upside\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple builds energy to break higher. A series of higher lows points to more upside.\" \/>\n<meta property=\"og:description\" content=\"Ripple builds energy to break higher A series of higher lows points to more upside The bullish case is valid as long as the price holds above $0.3 Ripple is one of the major cryptocurrencies that rallied in 2023. It opened the trading year at $0.3 and rallied all the way to $0.55. But traders [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/leadingcryptonews.com\/ripple-builds-energy-to-break-higher-a-series-of-higher-lows-points-to-more-upside\/\" \/>\n<meta property=\"og:site_name\" content=\"Leading Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-02T21:12:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/leadingcryptonews.com\/wp-content\/uploads\/2023\/07\/Ripple-builds-energy-to-break-higher-A-series-of-higher.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"848\" \/>\n\t<meta property=\"og:image:height\" content=\"565\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"LCN-Admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"LCN-Admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/leadingcryptonews.com\/ripple-builds-energy-to-break-higher-a-series-of-higher-lows-points-to-more-upside\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/leadingcryptonews.com\/ripple-builds-energy-to-break-higher-a-series-of-higher-lows-points-to-more-upside\/\"},\"author\":{\"name\":\"LCN-Admin\",\"@id\":\"https:\/\/leadingcryptonews.com\/#\/schema\/person\/a303f33566761f963a7c3c0cde394e30\"},\"headline\":\"Ripple builds energy to break higher. 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