{"id":159341,"date":"2023-09-20T16:07:51","date_gmt":"2023-09-20T10:37:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/xrp-price-strengthens-bullish-grip-but-recovery-to-1-still-shaky-crypto-news\/"},"modified":"2023-09-20T16:07:54","modified_gmt":"2023-09-20T10:37:54","slug":"xrp-price-strengthens-bullish-grip-but-recovery-to-1-still-shaky-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xrp-price-strengthens-bullish-grip-but-recovery-to-1-still-shaky-crypto-news\/","title":{"rendered":"XRP Price Strengthens Bullish Grip But Recovery To $1 Still Shaky – Crypto News"},"content":{"rendered":"

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XRP price is trading at $0.516 after surging by more than 8% in seven days. The international money transfer token steadied the uptrend from August support at $0.44, thanks to a market-wide bullish outlook which\u00a0boosted Bitcoin price to $27,200<\/a>\u00a0and Ethereum price retest resistance at $1,650.<\/p>\n

XRP Price Bullish Comeback Targets $1<\/h2>\n

The bullish comeback this week reduced the risk of another sell-off back to $0.44 support, which could have exposed\u00a0XRP price<\/a>\u00a0to more losses, considering major support areas hold at $0.4 and $0.3.<\/p>\n

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With the SuperTrend indicator trailing the price while providing support, the recovery is likely to gain momentum as gains accrue toward $1.<\/p>\n

However, traders should ensure that some key boxes are ticked before throwing all their\u00a0weight behind XRP<\/a>. For instance, a break above all the bull market moving averages is necessary to confirm a significant recovery.<\/p>\n

These include the 21-week Exponential Moving Average (EMA) (red), the 100-week EMA (blue), and the 200-week EMA (purple).<\/p>\n

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The Money Flow Index (MFI) on the weekly chart shows that there\u2019s a higher inflow volume compared to the volume of funds flowing out of XRP markets. In other words, traders are willing to bet on long positions in XRP as opposed to pushing against the ongoing uptrend.<\/p>\n