Ripple pared some of its gains despite positive developments.It hit a low of $0.53292 and is currently trading around $0.55475.
Ripple and the broader XRP community are committed to bringing new programmability, including smart contracts, to the XRPL dev ecosystem in 2025 – through the XRPL EVM sidechain (already in the works) as well as exploring native capabilities on XRPL Mainnet.
The integration of the Ethereum smart contract through the XRPL EVEM sidechain It will boost XRP ledger functionality.
Horizontal trend line- $0.750
Downtrend channel resistance- $0.680
Any daily close above $0.68 confirms further bullishness.
The pair holds below the short-term (34 and 55-day EMA) and long-term moving average (200-day EMA).
The near-term resistance is around $0.5800, any indicative breach above will take the pair to 0.6170/0.6320/$0.650/$0.68/$0.75/0.820/0.900/$1. On the lower side, immediate support is $0.5400, and any violation below targets $0.50/$0.45/$0.40.
Indicators ( 4- hour chart)
Directional movement index -Bearish
CCI (50)- Bearish
CCI(14)- Bearish
It is good to buy on dips around $0.55 with SL around $0.40 for TP of $1.
