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Ripple Price Analysis: stable increase in resistance at $1.0524

XRP
  • Increased value by 1.82%.
  • Strongest resistance at $1.2925.
  • Strongest support at $1.2073.

According to the Ripple price Analysis, the price plummeted significantly on 22 November 2021 and kept decreasing until finally escalating a considerable amount, only to reduce again on 23 November 2021. As of now, the price is gradually increasing at a value of $1.05243.

Ripple Price analysis chart at 4-hour: constant volatility

According to the Ripple Price analysis chart, the market’s volatility is constant, which means the prices or the cryptocurrency are not prone to change at all, or they will change at a negligible rate. The moving average curve can be found above the XRP/USD prices, so we can say the market follows a bullish trend. Since the market’s volatility is constant and the market is following a bullish trend, the chances of the value of assets escalating are very likely.

Ripple Price Analysis: stable increase in resistance at $1.0524 1
XRP/USD 4-hour price analysis chart source: Trading view

From The Ripple Price Analysis graph, we see that the Bollinger’s band’s upper limit is $1.1063 being the resistance and the lower limit of the Bollinger’s band to be $1.02731 being the support. The Relative Strength Index (RSI) is at 44, the value of the assets is on middle ground, showing no signal. The investments are neither oversold nor are they undersold.

XRP/USD analysis chart 1-day: increasing volatility

By observing The Ripple Price Analysis chart, we deduce that the market’s volatility is increasing, which means that the asset prices are subject to change. Since the moving average curve is above the XRP/USD price, the trend in the market appears to be bullish. As the market is volatile and showing a bullish trend, we can predict the price will eventually escalate and maybe reach the $1.3000 mark; this is very likely to happen in the near future.

Ripple Price Analysis: stable increase in resistance at $1.0524 2
XRP/USD 1-day price analysis chart source: Trading view

The Ripple Price Analysis chart reveals that the upper limit of the Bollinger’s band rests at $1.29257 being its resistance and the lower limit of the Bollinger’s band rests at $1.00578 is its support. The Relative Strength Index (RSI) is at 41, which means that the investments are neither being oversold nor undervalued, although they might slightly be on the undervalued side.

Ripple Price Analysis: conclusion

The Ripple Price Analysis concludes that we have observed the current behavior of the cryptocurrency is following a relatively bullish trend, with tiring away at the $1.3000 mark. The chart analysis shows that with the steady bullish momentum, it is predicted that Ripple will soon enter the $1.3000 mark range, but if the current support fluctuates, we may see a decline in the prices as far as $1.000.

We have observed that the current stable resistance lies between $1.1063 and $1.2925. This means that the bulls are coming in very strong and are controlling the market; the bears need to step up their game if they hope to decline the price of the assets and capture the market.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions. 

Andrew

Andrew

Andrew is a journalist and cryptocurrency enthusiast who writes for the love of blockchain and cryptocurrency. He possesses vast knowledge of cryptocurrency, blockchain and other fintech and tech-related areas he has been covering for a long time.

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