XRP Price Analysis – September 24
Ripple is down by 3.7% in the last 24 hours and the next resistance may come at $0.20
Supply levels: $0.32, $0.34, $0.36
Demand levels: $0.18, $0.16, $0.14
Ripple’s current fall has been brought by the market-wide struggle and it is likely to stay here for some more days. The current trend is at the lower side of 9 days and 21 days EMA, which hints towards XRP’s upcoming surge. Following the path of all other coins, Ripple also has made a cut of 3.7% in the last 24 hours and the value has fallen to $0.24 now.
As at now, the price is bearish but a bounce back to $0.32, $0.34 and $0.36 supply levels may once again give strength to the $0.23 demand. If this support gets weak, a price break-down may occur as the bears may find new monthly low at $0.18, $0.16 and $0.14 demand levels. In the long run, Ripple’s XRP remains in a dominant downtrend. The chart’s volume is also showing a high negative amount of bars.
Stochastic RSI heads towards the oversold zone. If the price oscillates downward, XRP may fall more.
The price of Ripple (XRP) has continued to demonstrate a sign of weakness across its markets. Against Bitcoin, the trend is still perpetually looking bullish on the long-term, priced at around 2807 SAT. Meanwhile, the 3rd largest cryptocurrency is witnessing a bearish drive against USD for the past 6days. And the demand levels to watch are 2400 SAT and 2200 SAT respectively.
If the 2600 SAT support can suppress the on-going pressure, we can expect the price to bounce back. For now, the nearest supply for the market is 3200 SAT and 3400 SAT. As it appeared on the chart, there’s a sign of indecisive move at the moment. However, the XRP/BTC pair is slowly rising on the daily chart with a bullish divergence signal while the stochastic RSI moves to touch 40.
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