The post <a href="https://coinpedia.org/price-analysis/xrp-price-loses-momentum-can-the-ripple-price-still-breach-1-this-year/">XRP Price Loses Momentum! Can The Ripple Price Still Breach $1 This Year?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
Despite the cryptocurrency industry facing significant price volatility, the Ripple Labs, XRP token continues to display neutral trends in its chart, indicating a weak interest of the investors in it. 
The <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP price</a> traded in a closed range between $0.5976 and $0.6302 for a while, after which the market lost momentum and the price broke down the range. The bulls held the price above the support level of $0.5778, resulting in a bounce back within the range. 
After trading sideways for almost two weeks, the XRP token regained momentum and jumped over 5%, but the rally was short-lived as the price faced rejection at $0.6479. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/XbMQk7ioJrUPQY0QuymVGZOe9IrE7zJZ4GObfsmSPKgFA67pOwfa1jcRf0zh1IxlqSFkI92fzAw-oqr2_xkOTOYIgdhjb1R9RDGwjA6NS4uAx86GzmjiTxZgWUbMbqoWAzTmtIgkgokBrq_8Xq2Qpys" alt="XRP Price Analysis">
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 TradingView: XRP/USDT
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Following multiple attempts, the XRP token regained momentum and jumped approximately 7%, after which the coin faced rejection at $0.6921. Since then, the XRP coin price has been trading under a bearish influence and in a range between $0.5976 and $0.6302. 
Moreover, the Cross EMA 50/200 Day displays a Death Cross, highlighting the possibility of the coin undergoing a significant correction in value in the coming time. 
The technical indicator, MACD, displays a flatline in the chart, indicating weak buying and selling pressure in the market. Further, the averages show a neutral trend, suggesting an uncertainty in the future price action of the coin. 
<h2 class="wp-block-heading" id="h-will-xrp-price-reach-1-soon">Will XRP Price Reach $1 Soon?</h2> 
If the bulls push the price above the resistance level of $0.6139, the XRP bulls may regain momentum and prepare to test its upper resistance level of $0.6302. 
If the bulls maintain the price at that level, it will set the stage for the Ripple token to test its resistance level of $0.6479 in the coming days. 
Conversely, if the bears overpowered the bulls, the price would lose momentum and prepare to test its support level of $0.5976 this week. Moreover, if the bears continue to hold power, it will plunge further and prepare to test its crucial support level of $0.5778 soon.

XRP Price Loses Momentum! Can The Ripple Price Still Breach $1 This Year?

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