Market Cap: $837293203777 24h Vol: $61228525452 Cryptocurrencies: 15766 Markets: 59187
Cryptopolitan 2021-09-14 15:54:07

Ripple price analysis: Can bulls break through the $1.10 resistance

TL;DR Breakdown Ripple price analysis suggests sideways movement across the short termThe closest support level lies at $1.050XRP faces resistance at the $1.10 mark. The Ripple price analysis shows that the asset has observed a drastic decline in its price volatility over the last few days as majority of traders seem to be speculating about the markets. The market sentiment was bullish a few days ago but now seems to have taken a bearish turn as the $1.050 support level has been breached twice in the past three days.  The broader cryptocurrency market observes a bullish sentiment over the last 24-hours as most major cryptocurrencies record a positive change over the period. Major players include AVAX and ADA that record a 12.00 and an 11.20 percent incline respectively.  Ripple price analysis: Bulls struggle for market dominance Technical indicators for XRP/USDT by Tradingview Across the technical indicators, the MACD is bullish as expressed by the green histogram. The indicator exhibited a crossover on September 9 and has been bullish since. However, despite that, the momentum has remained low as the price continued to oscillate between the $1.00 mark adn the $1.150 mark with little to no movement beyond this region.  The EMAs are currently moving upwards showing strong buyer activity at press time. However, the 26-EMA has been catching up to the 12-EMA which has observed a declining gradient due to the selling pre...

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