{"id":140657,"date":"2021-10-04T07:09:24","date_gmt":"2021-10-04T07:09:24","guid":{"rendered":"https:\/\/precoinnews.com\/?p=140657"},"modified":"2021-10-04T07:09:24","modified_gmt":"2021-10-04T07:09:24","slug":"ripple-price-analysis-dips-turn-attractive-near-0-98","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-dips-turn-attractive-near-0-98\/","title":{"rendered":"Ripple Price Analysis: Dips Turn Attractive Near $0.98"},"content":{"rendered":"
Ripple price is showing positive signs above $0.9800 against the US Dollar, similar to bitcoin. XRP price must clear $1.08 for more gains in the near term.<\/em><\/p>\n After consolidating above $0.8800, ripple price started a fresh increase against the US Dollar. The XRP\/USD pair broke the $0.9200 and $.9500 resistance levels to move into a positive zone.<\/p>\n The pair surpassed the $0.9800 resistance and the 55 simple moving average (4-hours). There was also a break above a crucial bearish trend line with resistance near $0.9350 on the 4-hours chart of the XRP\/USD pair.<\/p>\n The pair surpassed the $1.05 level, but it failed to surpass the $1.08 resistance. A high was formed near $1.088 and the price is now correcting lower. There was a break below the $1.05 level. The price declined below the 23.6% Fib retracement level of the recent increase from the $0.8876 swing low to $1.088 high.<\/p>\n On the downside, an initial support is near the $1.020 level. The first major support is near the $0.9800 level. It is close to the 50% Fib retracement level of the recent increase from the $0.8876 swing low to $1.088 high.<\/p>\n Any more losses could lead the price towards the $0.9200 level in the near term. On the upside, an initial hurdle is near the $1.05 level. The next key resistance is near the $1.08 level. A close above the $1.08 could set the pace for more gains. The next major resistance is near the $1.12 level. Any more gains could lead the price towards the $1.20 level.<\/p>\n <\/p>\n Ripple Price<\/p>\n Looking at the chart, ripple price is now trading above $1.00 and the 55 simple moving average (4-hours). Overall, the price could correct lower, but dips might remain attractive near $1.00 and $0.9800.<\/p>\n 4 hours MACD \u2013 The MACD for XRP\/USD is now losing 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 $1.00, $0.9800 and $0.9200.<\/p>\n Key Resistance Levels \u2013 $1.05 and $1.08.<\/p>\nRipple Price Analysis<\/h2>\n
Technical indicators<\/h2>\n