Market Cap: $837293203777 24h Vol: $61228525452 Cryptocurrencies: 15766 Markets: 59187
Cryptopolitan 2021-09-07 15:08:38

Ripple price analysis: Bears control XRP/USD price

TL; DR Breakdown The 100-day MA crossed over the 200-day Moving Average, signalling a strong bullish signal. The entire cryptocurrency heat map is bleeding as sellers dominate the market.The price seems to be dipping further on the hour-hour price analysis chart, with most technicals suggesting the negative market trend. Ripple price analysis: General price overview Ripple/USD was in a bearish trend, trading negatively toward the end of last night’s price analysis chart. On the other hand, Bulls reversed this bearish movement as soon as the daily price analysis chart began. The price moved up before reaching resistance at $1.3 in a cup and handle pattern. The bulls gained power against the bears, which prompted a price rise to head and shoulder formation, followed by a solid push for intraday highs at $1.39, where they encountered fierce resistance from the enraged bears. Ripple has been trading in positive momentum, with the Bollinger bands widening in most trading sessions, suggesting that the coin has increased volatility due to many activities taking place in the market. The 100-day moving average crossed over the 200-day moving average, indicating a strong bullish signal. A minor resistance was formed by the Moving Average indicators, which crossed at $1.2. Source: Coin360 The entire cryptocurrency heat map is gushing as sellers take control of the market, pushing digital currencies’ prices into a firm ...

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