For XRP to Reach $1, It Needs to Break This Resistance! XRP Price Analysis for September 29!

  • The cryptocurrency is trading between support at $0.50 and resistance at $0.83. A decisive break above one of these levels would indicate a new direction. In the short term, XRP is technically considered neutral.
  • Ideally, a decisive break above the $0.83 resistance with an increase in volume would suggest further upside potential. The cryptocurrency is trading between support at $0.48 and resistance at $0.83.
  • Today, XRP’s price is shown as $0.5315 USD, with a 24-hour trading volume of $1,487,876,406 USD. XRP has lost 5.50% in value over the last 24 hours.

XRP’s price saw a significant increase in the last 24 hours and is now trading above the resistance level: What’s the next price level?

Short-Term XRP Analysis

xrp-usdt-short-term
XRP/USDT

Ripple (XRP) is currently in a short-term horizontal trend channel, indicating further development in the same direction. The cryptocurrency is trading between support at $0.50 and resistance at $0.83. A decisive break above one of these levels would indicate a new direction. In the short term, XRP is technically considered neutral.

Medium-Term XRP Analysis

xrp-usdt-medium-term
XRP/USDT

Ripple (XRP) has broken above the upper boundary of the medium to long-term descending trend, initially indicating a slower downward pace. A reverse head and shoulders formation is developing. Ideally, a decisive break above the $0.83 resistance with an increase in volume would suggest further upside potential. The cryptocurrency is trading between support at $0.48 and resistance at $0.83. A decisive break above one of these levels would indicate a new direction. In the medium term, XRP is technically considered neutral.

Long-Term XRP Analysis

xrp-usdt-long-term
XRP/USDT

Over time, investors have paid higher prices to buy Ripple (XRP), and the cryptocurrency is in a long-term ascending trend channel. Rising trends indicate positive developments for the currency and increased buying interest among investors. After reaching the $0.74 target following the break of the double bottom formation, the price saw a pullback. A significant break above $0.53 would give new positive signals for the currency, while a strong break on the opposite side of the formation would be a strong negative signal. In the long term, XRP is generally considered technically positive.

XRP Price

Today, XRP’s price is shown as $0.5315 USD, with a 24-hour trading volume of $1,487,876,406 USD. XRP has lost 5.50% in value over the last 24 hours. According to the current CoinMarketCap ranking, XRP is ranked 5th with a market cap of $28,253,174,546 USD. There are 53,312,364,216 XRP tokens in circulation, and the maximum supply is 100,000,000,000 XRP tokens.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Whale Deploys $28M into ETH/WBTC—Holds 3,550 ETH and Places $4M ETH Buy Order at $4,738 on Cowswap

COINOTAG reported, citing on‑chain analyst Ai Auntie, that a...

New Wallet Buys 9,486 ETH at $4,720 Avg After Receiving $44.78M USDC from Coinbase Prime — LookIntoChain

COINOTAG reported on September 13 that on-chain analytics provider...

Hyperliquid Whale “INeedACook” Nets $7.1M — 1,250 Bitcoin Long Now Up $2.78M

According to COINOTAG News and on-chain analyst Yu Jin...

New Wallet Opens $50.8M 20x ETH Short on HyperLiquid — 10,796 ETH at $4,718 Entry (Liquidation $5,086)

COINOTAG News reported on September 13 that on-chain monitoring...

LiveOne (LVO) Discloses Bitcoin Holdings Surpass $5M — BlockBeats News (Sept 13)

Music and entertainment firm LiveOne (NASDAQ: LVO) reported that...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img