{"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 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 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>\nRipple Price Analysis<\/h2>\n
Technical indicators<\/h2>\n