{"id":122837,"date":"2023-07-15T11:19:18","date_gmt":"2023-07-15T11:19:18","guid":{"rendered":"https:\/\/dripp.zone\/news\/wil-fomo-drive-xrp-price-above-1-crypto-news\/"},"modified":"2023-07-15T11:19:21","modified_gmt":"2023-07-15T11:19:21","slug":"wil-fomo-drive-xrp-price-above-1-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/wil-fomo-drive-xrp-price-above-1-crypto-news\/","title":{"rendered":"Wil FOMO Drive $XRP Price Above $1?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-154318\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/15163221\/JaFSGlRM-e1689418955822.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"XRP price analysis\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/15163221\/JaFSGlRM-e1689418955822.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/15163221\/JaFSGlRM-e1689418955822-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/15163221\/JaFSGlRM-e1689418955822-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/15163221\/JaFSGlRM-e1689418955822-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 10 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">XRP Price Analysis: <\/span><span style=\"font-weight: 400;\">On July 13th, the 4th largest cryptocurrency-XRP recorded a massive gain of 73% as Ripple acquired <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/xrp-lawsuit-xrp-lawyer-ripple-cto-expect-judge-torres-summary-judgment-in-september\/\">partial victory<\/a> in its long-standing legal battle against the Securities and Exchange Commission (SEC).  The bullish rally has topped $0.938 and reflected a significant supply zone near $0.9118.  The build-up selling pressure has triggered a post-rally correction meant to replenish the exhausted bullish momentum.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/ripple-cto-regrets-this-following-xrp-lawsuit-ruling\/#\">Ripple CTO Regrets This Following XRP Lawsuit Ruling<\/a><\/p>\n<h2><b>XRP Price Daily Chart:<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The lower price rejection candle near the $0.685 level indicates the buyers are obtaining strong support from here.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A breakdown from the $0.685 support could trigger a quick 10% drop.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in the XRP is $5.4 Billion, indicating a 59% loss.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"XRP Price Analysis\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/j\/JaFSGlRM.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/j\/JaFSGlRM.png\" alt=\"XRP Price Analysis\" width=\"1946\" height=\"1104\"\/><\/noscript>Source: Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After a reversal from the $0.9118 resistance, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/xrp\/#:~:text=About%20XRP%20(XRP),the%20Coingape%20Crypto%20Price%20Page.\">XRP price<\/a> entered a correction mode and plunged 25% to retest the local support of $0.685.  This pullback is likely the result of short-term traders securing their profits by exiting long positions.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">As of now, the altcoin trades at $0.723 and projects sustainability above the $0.685 support with lower price rejection candles.  This horizontal level aligned with the 38.2% Fibonacci retracement level creates a strong footing for buyers to recuperate bullish momentum.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">This support would assist the buyer to hold the higher grounds and lead the prices sideways for a short period.  Having said that, a rapid breakout above $1 is less likely with other supportive news as the price has already traveled significantly.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>How Far May XRP Price Correct?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In case, the crypto market experienced a higher correction, a breakdown below $0.685 support would lead the XRP price to 10% down to hit $0.62 aligned with a 50% retracement level.  Any further retracement would start to reflect weakness in buyers&#8217; conviction.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bollinger Bands: <\/b><span style=\"font-weight: 400;\">The coin price hitting the 3rd deviation upper band of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger Bands<\/a> The indicator suggests instability in the current trend and the need for correction.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><strong>Average Directional Index:<\/strong> The daily ADX slope uptick near 27% indicates strength in buyers to sustain a bullish trend<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA154318\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD154318\">\n<p>    The content presented may include the personal opinion of the author and is subject to market condition.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 10 minutes ago XRP Price Analysis: On July 13th, the 4th largest cryptocurrency-XRP recorded a massive gain of 73% as Ripple acquired partial victory in its long-standing legal battle against the Securities and Exchange Commission (SEC). The bullish rally has topped $0.938 and reflected a significant supply zone near $0.9118. The build-up selling pressure [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":122838,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-122837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=122837"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122837\/revisions"}],"predecessor-version":[{"id":122839,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/122837\/revisions\/122839"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/122838"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=122837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=122837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=122837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}