Ripple Price Analysis — October 27

XRP has come under intense bearish pressure as it fails, once again, to break above my descending trendline. The seventh-largest cryptocurrency suffered a bearish spiral to the $0.9500 support a while ago but saw a quick rebound to the $1.0220 area. With the current bearish sentiment plaguing the broader market, I expect XRP to retest the $1.0000 psychological support again, which should determine where the price goes next. The primary bullish target for the cryptocurrency now rests on the $1.1000 level.

Meanwhile, our resistance levels are $1.0500, $1.1000, and 1.1500, and our support levels are $1.0000, $0.9500, and $0.9275.

Total Market Capitalization: $2.48 trillion

Ripple Market Capitalization: $47.9 billion

Ripple Dominance: 1.93%

Market Rank: #7