{"id":139877,"date":"2021-09-27T07:09:47","date_gmt":"2021-09-27T07:09:47","guid":{"rendered":"https:\/\/precoinnews.com\/?p=139877"},"modified":"2021-09-27T07:09:47","modified_gmt":"2021-09-27T07:09:47","slug":"ripple-price-analysis-bulls-eye-recovery-above-1","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-bulls-eye-recovery-above-1\/","title":{"rendered":"Ripple Price Analysis: Bulls Eye Recovery Above $1"},"content":{"rendered":"
Ripple price is showing bearish signs below $1.00 against the US Dollar, similar to bitcoin. XRP price must clear $1.00 for a steady increase in the near term.<\/em><\/p>\n After consolidating below $1.20, ripple price started a fresh decline against the US Dollar. The XRP\/USD pair topped near $1.125 and started a major decline.<\/p>\n There was a break below the $1.05 and $1.00 support levels. The pair also settled below the $1.00 level and the 55 simple moving average (4-hours). It traded as low as $0.8594 and recently started an upside correction.<\/p>\n There was a break above the $0.9000 and $0.9200 resistance levels. The price climbed above the 23.6% Fib retracement level of the recent decline from the $0.1284 swing high to $0.8594. It is now trading above $0.9500, but it is facing hurdles.<\/p>\n There is a key bearish trend line forming with resistance near $0.9750 on the 4-hours chart of the XRP\/USD pair. The next key resistance is near the $0.9950 and $1.00 levels.<\/p>\n The 50% Fib retracement level of the recent decline from the $0.1284 swing high is also near the $1.00 zone. A close above the $1.00 could set the pace for more gains. The next major resistance is near the $1.10 level. Any more gains could lead the price towards the $1.20 level.<\/p>\n On the downside, an initial support is near the $0.9500 level. The first major support is near the $0.9200 level. Any more losses could lead the price towards the $0.8500 level in the near term.<\/p>\n <\/p>\n Ripple Price<\/p>\n Looking at the chart, ripple price is still trading below $1.00 and the 55 simple moving average (4-hours). Overall, the price could start a steady increase if there is a clear break above $1.00.<\/p>\n 4 hours MACD \u2013 The MACD for XRP\/USD is now gaining momentum in the bullish zone.<\/p>\n 4 hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now above the 50 level.<\/p>\n Key Support Levels \u2013 $0.9500, $0.9200 and $0.8500.<\/p>\n Key Resistance Levels \u2013 $1.00 and $1.05.<\/p>\nRipple Price Analysis<\/h2>\n
Technical indicators<\/h2>\n