{"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

Ripple indicator analysis <\/h2>\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

Technical indicators:   <\/h3>\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

What is the next move for Ripple? <\/h2>\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>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

For the past week, Ripple has been<\/p>\n","protected":false},"author":3,"featured_media":123725,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nRipple Is in Jeopardy as Sellers Threaten to Short below $1.45 Support - Pre Coin 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:\/\/precoinnews.com\/crypto\/ripple-is-in-jeopardy-as-sellers-threaten-to-short-below-1-45-support\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Is in Jeopardy as Sellers Threaten to Short below $1.45 Support - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"For the past week, Ripple has been\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/ripple-is-in-jeopardy-as-sellers-threaten-to-short-below-1-45-support\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-04T18:21:00+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/05\/Ripple-Is-in-Jeopardy-as-Sellers-Threaten-to-Short-below-1.45-Support.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/ripple-is-in-jeopardy-as-sellers-threaten-to-short-below-1-45-support\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/ripple-is-in-jeopardy-as-sellers-threaten-to-short-below-1-45-support\/\",\"name\":\"Ripple Is in Jeopardy as Sellers Threaten to Short below $1.45 Support - 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