{"id":123726,"date":"2021-05-04T18:21:00","date_gmt":"2021-05-04T18:21:00","guid":{"rendered":"https:\/\/precoinnews.com\/?p=123726"},"modified":"2021-05-04T18:21:00","modified_gmt":"2021-05-04T18:21:00","slug":"ripple-is-in-jeopardy-as-sellers-threaten-to-short-below-1-45-support","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-is-in-jeopardy-as-sellers-threaten-to-short-below-1-45-support\/","title":{"rendered":"Ripple Is in Jeopardy as Sellers Threaten to Short below $1.45 Support"},"content":{"rendered":"
For the past week, Ripple has been in an upward move as the altcoin rallied to a $1.60 high. Buyers are facing penetration difficulty at the $1.60 resistance. <\/strong><\/p>\n The bulls have been struggling to break above the recent resistance level. A retest at the $2.0 resistance zone is possible if the current resistance is breached. Otherwise, XRP will fall and resume downward correction. The altcoin has fallen to the support at $1.45. The downtrend will resume if the XRP price falls and breaks below level $1.45. In previous price action, the XRP fell below this level and was range-bound between levels $1.00 and $1.45. The XRP\/USD has fallen to level $1.44 at the time of writing.<\/p>\n On the daily chart, XRP has fallen to the 21-day SMA, if the support holds, the upward move will resume. Meanwhile, XRP is above the 80% range of the daily stochastic. The stochastic bands are sloping downward indicating a possible bearish momentum.<\/p>\n <\/p>\n Major Resistance Levels \u2013 $1.95 and $2.0 <\/b><\/p>\n <\/b><\/p>\n Major Support Levels \u2013 $0.60 and $0.55<\/b><\/p>\n Ripple has a high prospect of an upward move. The price indicator has confirmed a further upward movement of prices. Meanwhile, on April 14 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that Ripple is likely to rise to level 2.618 Fibonacci extension or the high of $4.18.<\/p>\n <\/p>\n Disclaimer. This analysis and forecast are the author\u2019s personal opinions and not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing <\/i><\/p>\nRipple indicator analysis <\/h2>\n
Technical indicators: <\/h3>\n
What is the next move for Ripple? <\/h2>\n