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Cryptopolitan 2021-09-11 15:22:27

Ripple Price Analysis: XRP finds support at $1.05, ready to rally higher?

TL;DR Breakdown Ripple price analysis is bullish for today.XRP/USD found support at $1.05 overnight.Ripple looks to rally higher today. Ripple price analysis is bullish for today as support was found around the $1.05 support overnight after failing to move higher yesterday. Therefore, we expect XRP/USD to gather momentum for another push higher over the next 24 hours and look to return back to the $1.20 resistance. Cryptocurrency heat map. Source: Coin360 The overall market traded in the green over the last 24 hours. The market leader, Bitcoin, is up by 0.21 percent, while Ethereum by 0.35 percent. Meanwhile, Cardano (ADA) is the best performer, with a gain of 13.28 percent. Ripple price movement in the last 24 hours: Ripple finds support at $1.05 again XRP/USD traded in a range of $1.03 – $1.11, indicating a moderate amount of volatility over the last 24 hours. Trading volume has decreased by 42.53 percent and totals $4.39 billion, while the total market capitalization trades around $51.17 billion, ranking the coin in 7th place overall. XRP/USD 4-hour chart: XRP starts to move higher again On the 4-hour chart, the Ripple price can be seen to rally higher again after retesting the $1.05 support. XRP/USD 4-hour chart. Source: TradingView Ripple price action traded with strong volatility over the last week. After slowly reaching the $1.40 mark on the 6th of September, a rapid decline followed over the next 24 hours. R...

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