{"id":145446,"date":"2021-11-22T19:07:18","date_gmt":"2021-11-22T19:07:18","guid":{"rendered":"https:\/\/precoinnews.com\/?p=145446"},"modified":"2021-11-22T19:07:18","modified_gmt":"2021-11-22T19:07:18","slug":"ripple-price-analysis-risk-of-drop-below-1-00","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-risk-of-drop-below-1-00\/","title":{"rendered":"Ripple Price Analysis: Risk of Drop Below $1.00"},"content":{"rendered":"

Ripple price is showing bearish signs below $1.06 against the US Dollar, unlike bitcoin. XRP price remains at a risk of more losses below the $1.00 support.<\/em><\/p>\n

Ripple Price Analysis<\/h2>\n

After a minor upward move, ripple price faced sellers near the $1.20 level against the US Dollar. The XRP\/USD pair started a fresh decline below the $1.15 support zone.<\/p>\n

The pair even declined below the $1.05 support and the 55 simple moving average (4-hours). The price even spiked below $1.02, and the price is now consolidating losses. A low is formed near $1.018 and it is now facing a lot of hurdles.<\/p>\n

On the upside, XRP is facing resistance near the $1.05 level. There is also a key bearish trend line forming with resistance near $1.06 on the 4-hours chart of the XRP\/USD pair.<\/p>\n

The trend line is close to the 23.6% Fib retracement level of the downward move from the $1.219 swing high to $1.018 low. The next key resistance is near the $1.12 level and the 55 simple moving average (4-hours).<\/p>\n

It is near the 50% Fib retracement level of the downward move from the $1.219 swing high to $1.018 low. A close above the $1.12 could increase the chances of a break above the key $1.15 resistance zone. The next major resistance is near the $1.20 level. Any more gains could lead the price towards the $1.25 level.<\/p>\n

On the downside, an initial support is near the $1.002 level. The first major support is near the $1.00 level. Any more losses could lead the price towards the $0.92 level in the near term.<\/p>\n

<\/p>\n

Ripple Price<\/p>\n

Looking at the chart, ripple price is now trading below $1.05 and the 55 simple moving average (4-hours). Overall, the price could continue to move down if there is a clear break below $1.00.<\/p>\n

Technical indicators<\/h2>\n

4 hours MACD \u2013 The MACD for XRP\/USD is now gaining momentum in the bearish zone.<\/p>\n

4 hours RSI (Relative Strength Index) \u2013 The RSI for XRP\/USD is now below the 50 level.<\/p>\n

Key Support Levels \u2013 $1.00, $0.95 and $0.92.<\/p>\n

Key Resistance Levels \u2013 $1.05 and $1.12.<\/p>\n

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

Ripple price is showing bearish signs below<\/p>\n","protected":false},"author":3,"featured_media":145445,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nRipple Price Analysis: Risk of Drop Below $1.00 - 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-price-analysis-risk-of-drop-below-1-00\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ripple Price Analysis: Risk of Drop Below $1.00 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Ripple price is showing bearish signs below\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-risk-of-drop-below-1-00\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-22T19:07:18+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\/11\/Ripple-Price-Analysis-Risk-of-Drop-Below-1.00-.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-risk-of-drop-below-1-00\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/ripple-price-analysis-risk-of-drop-below-1-00\/\",\"name\":\"Ripple Price Analysis: Risk of Drop Below $1.00 - 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