Crypto NewsRipple (XRP)

Ripple Price Analysis: XRP Soars 10% In One Day, $ 1 Is Imminent?

Major support levels: $ 0.89

Key Resistance Level: $ 1

The bullish signs discussed in our last XPR analysis turned out to be correct and XRP recovered. This broke through Cryptocurrency the resistance at $ 0.89. Price is currently on a pause as it appears ready to test resistance at $ 1. The dynamics and volume of this last movement give hope for a sustainable recovery. However, a break above $ 1 would definitely take some force.
Ripple Price Analysis: XRP Soars 10% In One Day, $ 1 Is Imminent?, Crypto Trading NewsChart according to TradingView

This is what awaits you in this article

Technical indicators

Trading Volume: Good volume during the break above $ 0.89 as price rebounded without looking back. The cops have the upper hand right now.

RSI: The daily RSI also rose, peaking at 56 points. To maintain the bullish bias, the RSI should make a higher high in the near future. Otherwise the current rally would be called into question.

MACD: The daily MACD exploded higher and momentum favors a continuation of this price action that should put pressure on the USD 1 resistance. MACD remains bullish and there are currently no signs of weakness.
Ripple Price Analysis: XRP Soars 10% In One Day, $ 1 Is Imminent?, Crypto Trading NewsChart according to TradingView

Bias

The current XRP bias is bullish. It is important to watch the price move at USD 1 as it is a critical level to break to maintain this momentum.

Short term forecast for the XRP price

XRP benefited from a cheap market in which both ETH as well as BTC broke their major resistance levels, rising above $ 0.89. However, the resistance at $ 1 is much more significant and will be more difficult to crack.

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Source: Crypto News Deutsch

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