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Ripple [XRP] Price Prediction, Technical Analysis – September 09

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6 years ago

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Ripple Price Prediction and Technical Analysis
Source: Ripple

Ripple XRP the 3rd largest cryptocurrency by market capitalization is currently trading at $0.288431 USD (-1.73%) according to Coinmarketcap while writing this post. The 24h High for this cryptocurrency is $0.29143 and 24h Low is $0.26891. The 24h Volume for Ripple XRP is $204,331,937 USD.

Ripple Price Prediction and Technical Analysis

While looking at the 1-day forecast the 10-day Exponential Moving Average is 0.30417 and 20-day Exponential Moving Average (EMA) is 0.31785. Now both of these data shows selling, also while looking at the 10-day Simple Moving Average which is 0.31200 recommends selling.

Ripple price prediction and technical analysis 09th September

Data as per Binance

The Relative Strength Index (14) is 39.15085 which is in the neutral zone and the MACD Level (12, 27) is -0.01798. The MACD level is recommending selling while the Ultimate Oscillator (7, 14, 28) for XRP is 41.65890 which is in neutral zone.

Ripple XRP technical analysis as per moving averages and Oscillators September 09th 1day forecast

Data as per TradingView

1h Price Forecast

While looking at the 1-h forecast the Exponential Moving Average (10) is 0.28281 and EMA (20) is 0.28155. The Simple Moving Average (10) is 0.28146. All the EMA (10), EMA (20) and SMA (10) are showing buy signal.

Ripple XRP technical analysis as per moving averages and Oscillators September 09th 1hour forecast

Data as per TradingView

The Relative Strength Index (14) in the 1h forecast is 56.40651 which is in the neutral phase. The MACD level (12, 27) is 0.00037 which is recommending buying. So, it seems that Ripple [XRP] is in a bullish move withing 1h price forecast.

This article should not be considered as an investment advice. Please conduct your own research before investing in any cryptocurrency.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.