XRP Price Analysis for September 16


16 Sep 2023 3:46 PM

When can traders expect local rise of XRP?...

  • XRP has seen a 1.10% increase in price over the last 24 hours.
  • On the hourly chart, XRP is approaching a local resistance level of $0.5032, and a breakout could lead to a move towards the $0.5050 zone.
  • On the daily time frame, XRP is testing the resistance level of $0.5115, and if it can stay above $0.50, the upward move may continue to the $0.52-$0.53 range next week.
  • From a midterm perspective, XRP is about to close in the bullish area for the first time in weeks, but it may not have enough strength for a significant rise.
  • Sideways trading between $0.49-$0.52 is the more likely scenario until the end of the month.

The sentiment of the article is generally positive, highlighting the potential for an upward move in XRP's price.

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You May Ask

What is the current price of XRP?How much has XRP's price increased in the last 24 hours?What is the resistance level that XRP is approaching on the hourly chart?What is the likely scenario for XRP's price movement until the end of the month?What is the potential price range for XRP next week if it stays above $0.50?

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