XRP Price Analysis in Coming Days - Most Likely Scenarios

XRP Price Analysis in Coming Days – Most Likely Scenarios

Updated: 10 September 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Despite the recent price stagnation, the price of ripple has not shown much interest in moving either way. An analysis of nearby support and resistance levels and an evaluation of probable scenarios would, however, be beneficial.

Analysis of the XRP/USDT Price

A price consolidation has occurred below the 200-day moving average and around $0.5 against USDT. Over the last few days, it has failed to close above the said moving average.

RSI values have been below 50% for a while, indicating that the momentum favors sellers. In other words, it’s more likely that the bearish trend will continue toward the $0.43 level or even lower.

Analysis of the XRP/BTC Price

The stock price has gradually declined after breaking below the 2200 SAT level and the 50-day moving average during the last couple of weeks.

RSI is also trending below 50%, and the market is likely to test the 200-day moving average in the 1900 SAT support area and 1800 SAT static support level. While the trend is considered bullish overall as long as the price trades above the 200-day moving average, investors can be optimistic at this point.

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