XRP (XRP) Reviews for September 2022

After trading near the 50-day SMA ($0.35) for three days, Ripple (XRP) turned down and broke below the moving averages on Sept. 13. This pulled the price below the breakout level of $0.34. Buyers are trying to push the price back above the 20-day EMA ($0.34) on Sept. 14. If they succeed, it will suggest that the XRP/USDT pair has formed a higher low at $0.33. The pair could then retest the overhead resistance at $0.36. A break and close above this level could push the pair toward $0.39. Contrary to this assumption, if the price turns down from the 20-day EMA, it will suggest that bears are selling on minor rallies. That could pull the price down to the strong support at $0.32.

Ripple's (XRP) tight range trading between $0.32 and $0.34 resolved to the upside on Sept. 9, and the price reached the 50-day SMA ($0.35) The bears are attempting to stall the recovery at this level but they have not been able to pull the price below the 20-day EMA ($0.34). This suggests strong buying at lower levels. The 20-day EMA has started to turn up and the RSI is in the positive territory, suggesting advantage to buyers. If the price breaks and sustains above the 50-day SMA, the XRP/USDT pair could rally to $0.37 and later to $0.39. Buyers will have to clear this hurdle to signal a potential trend change. Instead, if the price turns down from the current level and breaks below $0.34, it will suggest that bears continue to sell on rallies. The pair could then decline to the strong support at $0.32.

The bulls failed to sustain Ripple (XRP) above the moving averages on Aug. 26, indicating that the breakout may have been a bull trap. That intensified selling and the bears are attempting to pull the price to the strong support at $0.30. Buyers are likely to defend the $0.30 support aggressively because if the support cracks, the XRP/USDT pair could start the next leg of the downtrend. The pair could then decline to $0.25 and later to the pattern target of $0.21. Alternatively, if the price rebounds off $0.30 with strength, it will indicate strong demand at lower levels. The bulls will then again attempt to push the price above the moving averages. If they can pull it off, the pair could rally to the strong overhead resistance at $0.39.

The bulls failed to push XRP above the overhead resistance at $0.39 on Aug. 8. This attracted sharp selling by the bears who pulled the price below the 20-day EMA ($0.37) on Aug. 9. A minor positive is that the bulls bought the dip and have pushed the price back above the 20-day EMA on Aug. 10. The buyers will again attempt to push the price above the overhead resistance zone between $0.39 and $0.41. If they succeed, the XRP/USDT pair could rise to $0.48 and later to $0.54. Contrary to this assumption, if the price turns down from the overhead resistance and breaks below the 50-day SMA ($0.35), it will suggest that the pair may remain range-bound between $0.30 and $0.39 for a few more days.

Ripple's (XRP) price has been squeezed between the 20-day EMA ($0.36) and the overhead resistance at $0.39 for the past few days. Usually, such tight ranges lead to a range expansion. The rising 20-day EMA and the RSI in the positive area indicate advantage to buyers. If bulls push and sustain the price above $0.39, it will suggest the start of a new up-move. The XRP/USDT pair could then rise to $0.48 and later to $0.54. This positive view will invalidate in the near term if the price turns down and breaks below the 20-day EMA. The pair could then drop to the 50-day SMA ($0.35). Such a move will suggest that the pair may spend some more time inside the range.

XRP price rose above the overhead resistance of $0.39 on July 30 and 31 but the bulls could not sustain the higher levels. This suggests that the bears have not yet given up and continue to defend the $0.39 level aggressively. The gradually up-sloping 20-day EMA ($0.36) and the RSI in the positive territory indicate a slight advantage to buyers. If the price rebounds off the 20-day EMA, it will improve the prospects of a rally above the overhead zone between $0.39 and $0.41. If that happens, the XRP/USDT pair could rally to $0.48. Conversely, if the price slips below the 20-day EMA, it will suggest that traders are booking profits as they expect the pair to remain range-bound for a few more days. A break below the 50-day SMA ($0.34) could open the doors for a drop to $0.30.

Ripple (XRP) plunged below the support line of the symmetrical triangle on July 11. This indicates that the uncertainty among the bulls and the bears resolved to the downside. The bulls tried to push the price back into the triangle on July 13 but the long wick on the candlestick suggests that bears are selling on minor intraday rallies. If the price breaks below $0.30, the XRP/USDT pair could drop to the crucial support at $0.28. A break and close below this level could signal the start of the next leg of the downtrend. The first sign of strength will be a break and close above the 20-day EMA ($0.33). Such a move will suggest that the slide below the triangle may have been a bear trap. The pair may signal a potential trend change on a break above the resistance line of the triangle.

XRP has been trading inside a symmetrical triangle pattern, indicating indecision among the bulls and the bears. The symmetrical triangle usually acts as a continuation pattern but on some occasions, it also behaves as a reversal pattern. The price has rebounded off the support line of the triangle and the bulls will attempt to push the XRP/USDT pair above the 20-day EMA ($0.33). If they succeed, the pair could rise to the resistance line of the triangle. A break and close above this level could suggest the start of a new up-move. The pair could then rally to $0.48. Another possibility is that the price turns down sharply from the 20-day EMA and breaks below the support line of the triangle. That could pull the pair down to the critical support at $0.28. If this level cracks, the next stop could be $0.23.

Ripple (XRP) dropped to $0.30 on June 13, which is the pattern target of the break below the descending triangle. The bears pulled the price below the support on June 14 but the bulls purchased the dip as seen from the long tail on the day’s candlestick. The buyers are attempting to start a recovery that could reach the breakdown level of $0.38. If bears flip this level into resistance, it will suggest that the sentiment remains negative. The sellers will then try to resume the downtrend and sink the XRP/USDT pair to the next strong support at $0.24. On the contrary, if bulls drive and sustain the price above $0.38, it will suggest strong buying at lower levels. The buyers will then try to push the pair to the 50-day SMA ($0.45). The bears are likely to pose a strong challenge in the zone between $0.46 and $0.50.

Ripple (XRP) formed an outside-day candlestick pattern on June 7, with the price rebounding off the strong support at $0.38 and closing near the overhead resistance at the downtrend line. However, buyers could not build upon this move and push the price above the downtrend line on June 8. This suggests that bears continue to sell near resistance levels. The bears will again attempt to sink the price below $0.38. If they succeed, the XRP/USDT pair will complete a descending triangle pattern. That could result in a decline to the May 12 intraday low of $0.33. If this support cracks, the next stop could be the pattern target of $0.30. This negative view could be invalidated in the short term if bulls propel the price above the 20-day EMA. The pair could then rally to $0.46.

Although Ripple (XRP) dipped below $0.38 on May 26, the bears could not maintain the selling pressure. This started a recovery on May 28, which has reached the downtrend line. The bears have repeatedly mounted a strong defense at the downtrend line; hence, this is an important resistance to keep an eye on. If the price reverses direction from the downtrend line, the bears will try to pull the XRP/USDT pair below $0.37 and challenge the crucial support at $0.33. On the contrary, if buyers drive and sustain the price above the 20-day EMA ($0.43), it will suggest that the sellers may be losing their grip. The pair could then rally to the psychological level at $0.50.

The bulls are defending the immediate support at $0.38. Although Ripple (XRP) bounced off $0.39 on May 24, the bulls could not sustain the higher levels. The bears are again attempting to sink the price below the support at $0.38 but the long tail on the candlestick suggests strong buying at lower levels. If the demand sustains at higher levels, the bulls will attempt to push the price above the downtrend line and challenge the 20-day EMA ($0.46). On the contrary, if the price turns down from the current level or the downtrend line, the bears may again try to sink the XRP/USDT pair below $0.38. If they can pull it off, the pair could drop to the vital support at $0.33.

Ripple’s (XRP) recovery failed to sustain above $0.45, indicating a lack of demand at higher levels. The bears will now attempt to pull the price below the immediate support zone at $0.40 to $0.38. If they do that, the XRP/USDT pair could drop to $0.33. This is an important level to keep an eye on because a break and close below it could signal the resumption of the downtrend. The XRP/UDST pair could then plunge to the next support at $0.24. On the other hand, if the price rises from $0.38 or $0.33, the bulls will again try to push the pair above $0.45. If they succeed, the pair could rise to the stiff overhead resistance zone at $0.50 to $0.55. The bulls will have to clear this hurdle to suggest that the downtrend may be over.

The long tail on Ripple’s (XRP) April 18 candlestick suggests strong buying at lower levels. The price reached the 50-day SMA ($0.78) on April 19 but the bears are defending this level with vigor. If the price turns down from the current level, it will suggest that the XRP/USDT pair could remain range-bound between the 50-day SMA and $0.69 for some time. A break and close below $0.69 could open the doors for a possible drop to $0.60. Conversely, if the price turns up, the bulls will try to push and sustain the pair above $0.80. If they manage to do that, the pair could rise toward the overhead zone between the 200-day SMA ($0.87) and $0.91. The flat moving averages and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears.

Ripple (XRP) rebounded sharply off the strong support at $0.69, indicating strong demand at lower levels. The bulls pushed the price above the 50-day SMA ($0.78) on April 15 but could not continue the up-move. However, a minor positive is that the bulls are attempting to sustain the price above the 20-day EMA ($0.77). The flat 20-day EMA and the RSI near the midpoint suggest a balance between supply and demand. This balance will shift in favor of the bulls if the XRP/USDT pair rises and breaks above $0.80. That could propel the pair to the 200-day SMA of $0.88 and then to the strong resistance at $0.91. Contrary to this assumption, if the price breaks and sustains below the 20-day EMA, it will suggest that the bears are active at higher levels. The sellers will then attempt to pull the pair to the strong support at $0.69. The 4-hour chart shows that the bears are aggressively defending the overhead resistance at the 200-SMA but they have not been able to sink the pair below the 20-EMA. This suggests that bulls are buying on dips. The bullish momentum could pick up if the buyers drive the price above the 200-SMA. The pair could then rally to $0.85, where the bears may erect a stiff barrier. On the downside, a break and close below the 20-EMA could invalidate the bullish view in the short term and sink the pair to the 50-SMA.

Ripple (XRP) bounced off the strong support at $0.69 on April 12 but the bulls could not sustain the recovery. This indicates that the bears are active at higher levels. The inside-day candlestick pattern on April 13 suggests indecision among the bulls and the bears. The 20-day EMA ($0.77) is sloping down and the RSI is near 39, suggesting that the path of least resistance is to the downside. If the price breaks below the strong support at $0.69, the selling could pick up momentum. The XRP/USDT pair could then decline to $0.62. Conversely, if the price continues to move up, the pair will attempt to rise above the 50-day SMA ($0.78). If that happens, it will suggest that the pair could trade inside a large range between $0.69 and $0.91 for some more time.

Ripple (XRP) formed an inside-day candlestick pattern on March 30, which resolved in favor of the bears on March 31 with a sharp down move. This suggests that the buyers who may have purchased at lower levels closed their positions aggressively. The 20-day EMA ($0.82) is flattening out and the RSI has dropped close to the midpoint, suggesting that the bullish momentum may be weakening. If the price breaks below the 50-day SMA ($0.78), the XRP/USDT pair could slide to the next support at $0.70. Contrary to this assumption, if the price rises from the current level, the buyers will try to drive the pair above $0.86 and again challenge the resistance at $0.91. A break and close above this level could open the gates for a possible rally to the psychological level at $1.

Ripple (XRP) has been attempting to rise above the downtrend line for the past few days, but the bears have held their ground. A minor positive is that the bulls have not given up and are trying to defend the 50-day SMA ($0.72). The flattish moving averages and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If bulls push and sustain the price above the downtrend line, the momentum is likely to pick up, possibly rallying the XRP/USDT pair to $0.91. A break and close above this level could clear the path for a possible retest of the psychological resistance at $1. Conversely, if the price slips and sustains below $0.69, it will suggest that bears are back in control. The pair could then drop to $0.62. The 4-hour chart shows that the pair is currently range-bound between $0.80 and $0.70. If buyers push the price above the downtrend line, the pair could challenge the overhead resistance at $0.80. A break and close above this level could signal that the bulls have the upper hand. The pair could first climb to $0.85 and then to $0.91. Contrary to this assumption, if the price turns down from the moving averages, it will suggest that the bears are selling on rallies. The pair could then drop to $0.70. If this level cracks, the selling could accelerate and the pair could drop to $0.62.

Ripple (XRP) is facing stiff resistance near $0.85 for the past few days. The bears will now try to pull the price to the breakout level at $0.75. The moving averages have completed a bullish crossover and the RSI is in the positive zone, indicating that bulls have a slight edge. The buyers are likely to defend the 20-day EMA ($0.76) aggressively. If the price rebounds off this level, the bulls will again attempt to clear the overhead barrier at $0.85. If that happens, the XRP/USDT pair could rise to $0.91 and later to the psychological level at $1. This positive view will invalidate if bears sink and sustain the price below $0.75.

Ripple (XRP) broke and closed above the moving averages on Feb. 7, indicating that the downtrend could be coming to an end. The bears tried to pull the price back below the breakout level at $0.75 but the bulls thwarted their attempt. The price rebounded off $0.75 and the bulls are trying to push the XRP/USDT pair toward the overhead resistance at $1. A break and close above this resistance could open the doors for a possible rally to $1.41. The moving averages are on the verge of a bullish crossover and the relative strength index (RSI) is in the positive zone, indicating that buyers have the upper hand. This positive view will invalidate on a break and close below $0.75. Such a move will indicate that bears continue to sell on rallies. The 4-hour chart shows that the bulls and the bears are battling it out near the $0.82 mark. The bulls pushed the price above this level but the bears stalled the rally at $0.85 and have pulled the pair back below $0.82. A minor positive is that bulls are buying the dips to the 50-SMA. If the price rebounds off this support, the bulls will try to drive the pair above $0.85 and challenge the resistance at $0.91. Conversely, a break and close below the 50-SMA could pull the pair to $0.75. A break and close below this support could indicate the start of a deeper correction.