Market Cap: $837293203777 24h Vol: $61228525452 Cryptocurrencies: 15766 Markets: 59187
Cryptopolitan 2021-09-08 07:17:10

Ripple price analysis: XRP manages to stabilize at $1.06

TL;DR Breakdown Ripple price analysis reveals that the cryptocurrency is stabilizing at the $1.06 range after the flash crash.The flash crash took the Ripple price as low as the $0.95 mark.Strong support is currently found at the $1.05 mark.Strong resistance is currently found at the $1.14 mark. Ripple price analysis reveals that the altcoin has recovered rather poorly after the market went into a flash crash following the king Bitcoin. The altcoin is down by 22.70 percent in the past 24-hours and down by over 11 percent in the past seven days. It seems that the flash crash only added to Ripple’s problems since the altcoin was already going through some corrective movement before the price fall down in the flash crash. The cryptocurrency was trading at a $1.23 level when the flash crash occurred. Ripple price analysis: 1 day candlestick shows bearish crossover similar to the market The 1-day candlestick Ripple price analysis chart is showing a similar bearish crossover as the other top coins, including Bitcoin, Ethereum, and Litecoin. The volatility has increased compared to the past 24-hours but is still on the lower end when compared to the past few days. The upper Bollinger band is found at the $1.366 mark showing the strongest resistance point, while the lower Bollinger band is present at the $1.035 mark presenting the strongest support mark. XRP/USD 1-day candlestick price chart. Source Trading View The nine-day ...

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