XRP Price Analysis – September 24

  • Last week the bulls took control of the market and price reach the high of $0.78 but price pullback to the low of $0.56.
  • The cryptocurrency may fall to face resistance at the low of $0.36.

Ripple, XRPUSD, CryptoCompare chartXRP Chart By Trading View

XRP Price Medium-term Trend: Ranging

Supply levels: $0.53, $0.55, $0.57                                    
Demand levels: $0.48, $0.46, $0.44

Last week price of XRP was in a range bound movement between the levels of $0.26 and $0.33. On September 21, the bulls took control of the market and price reached the high of $0.78 but fell back to $0.56. Later, the cryptocurrency commenced  a range bound movement.

Today, the price of XRP is falling and may fall to face resistance at the low of $0.36. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. Similarly, the price of XRP is above the 12-day EMA and 26-day EMA which indicates that a bullish trend is ongoing.

XRP Price Short-term Trend: Ranging   

Ripple, XRPUSD, CryptoCompare chartXRP Chart By Trading View

On the 4-hour chart, the XRP price is in a sideways trend. But price is currently falling from its recent high of $0.56. Meanwhile, the Relative Strength Index period 14 is level 51  which indicates that price is in the sideways trend zone.

          
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