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Cryptopolitan 2021-09-16 20:44:49

Ripple price analysis: XRP rejected at $1.150, moves downwards

TL;DR Breakdown Ripple price analysis suggests fall to $1.00 markXRP faces resistance at the $1.15 markThe closest support level lies at $1.00 The Ripple price analysis shows that despite rising to the $1.140 mark over the last 48-hours, XRP was unable to breakthrough the consolidation channel. The rejection has caused the price to spiral downwards falling back towards the $1.00 support level The broader cryptocurrency market has observed a mixed sentiment over the last 24-hours as major cryptocurrencies are split between bullish and bearish price movements. Major players include AVAX and ATOM recording a 15.13 and a 3.19 percent incline respectively. Meanwhile Hedera Hashgraph and NEAR Protocol record an 11.18 and a 7.52 percent decline respectively.  Ripple price analysis: Bears take over 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 11 and has been bullish since. While the momentum increased in the first 24 hours after the crossover, the resistance at the $1.140 mark caused the price action to stagnate, and the momentum dwindled. Since then, the bullish momentum has remained very low with a steady decline observed in recent hours. The 26-EMA is moving upwards at press time suggesting bullish momentum. However, the 12-EMA moves downwards suggesting an increasing selling pressu...

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