2021-09-22 02:22:52

Ripple price analysis: XRP breaks above $0.91; will recovery continue?

TL;DR Breakdown Ripple price analysis shows some signs of recovery for today.XRP may not recover to the price level of $1.XRP may reclaim the support of $0.96. The Ripple price analysis for today shows some bullish effort put in by the XRP bulls. The price breakout was upwards, and XRP/USD pair is floating at $0.94 at the time of writing. XRP may reclaim the broken support of $0.96, but a recovery above the price level of $1 does not seem possible in the present market scenario. Currently, XRP/USD pair has fallen below the price channel, which formed after the flash-crash of 7th September, the XRP price saw some zig-zag price action during the past two weeks with bulls and bears taking the reins, but yesterday XRP price observed a steep plunge when it fell below $1. This is the largest dip after the flash crash, and the market may expect a further decline in the XRP asset value in the coming days. The cryptocurrency market is bearish at present as overall, many of the crypto assets are reporting losses over the last 24 hours, along with the pioneering Bitcoin also at a loss of more than three percent, though on the gain today. Ethereum and most of the altcoins are also reporting losses despite price breaking upwards today, with the only exception being Solana among the top altcoins. XRP/USD 1-day price chart: Bulls to reclaim support at $0.96 The 24-hour price chart for Ripple price analysis shows bulls are on the run towards...

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