Ripple price will move towards $0.9100

The ripple price, starting a good recovery from a shock low of $0.7800. It broke through the pressure level of 0.8000 US dollars and 0.8400 US dollars. Due to the strong upward trend, ripple price then broke through the 0.8500 US dollars pressure level and 100-hour SMA, which also broke through the 61.8% callback price drop of 0.9105-0.7815 USD.


Currently xrp price is testing the key pressure level of 0.8750 US dollars, which has previously prevented prices from rising further. And at present, the price of ripple price is 0.8726 US dollars, it is so close to the level of 0.875 US dollars. Once the buyer's power successfully pushes the price above 0.8750 US dollars, the price may rise further towards 0.9000 US dollars. And if it can break through 0.9000 USD, the price may even test the high 0.9100 USD shock again. While if the price falls, the key uptrend line at the support level of 0.8650 in the one-hour K-line chart will play a supporting role.


From the perspective of the K-line graph, the price below $0.8600 is well supported. In addition, SMA, which is not far away from the $0.8500, will also avoid further price falls. Therefore, if the price is revised downward, it is not likely to fall below $0.8500.