Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptopolitan 2021-08-27 03:54:06

Ripple price analysis: XRP struggling to stay above $1.05

TL;DR Breakdown Ripple price analysis reveals a hard struggle to stay above $1.05.Strong support is currently found at the $1.05 mark.Strong resistance is currently found at the $1.10 mark. Ripple price analysis reveals that the altcoin is struggling to stay afloat above the $1.05 mark. In the past 24-hours alone, the coin has seen quite a few dips but managed to stay above the $1.05 psychological barrier. Ripple is also following the market precedent set by the king Bitcoin and the queen Ethereum. At the time of writing, Ripple’s price stands at the $1.07 mark. Ripple price analysis 1-day candlestick reveals increased volatility The one-day candlesticks Ripple price analysis reveals that the volatility is increasing compared to the past week, and the situation is no different today. The upper Bollinger band is found at the $1.40 mark whereas, the lower Bollinger band is found at the $0.80 mark. Both the nine-day moving average (SMA 9) and the Bollinger bands’ average are currently serving as strong resistance points. XRP/USD 1-day candlestick price chart. Source: Trading View The nine-day moving average is found at the $1.18 mark, whereas the Bollinger bands’ average is found at the $1.10 mark. The relative strength index (RSI), on the other hand, is resting easy at the 52.45 score giving off a neutral sign and room for buyers to turn the bearish table in favor of bulls. XRP/USD price 4-hour candlestick cha...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.