Per the Ripple price prediction by Solldy, the cryptocurrency should reach the $0.27 mark soon. The cryptocurrency turned bullish near 12:00 GMT on the 25th of September. The price gradually made its way past the $0.244 level while the graph progressed towards the chart for the 26th of September. Previously, saw a similar rise towards the $0.245 mark.
1-Day Ripple price analysis
Ripple was priced at $0.242 US Dollars at the time of writing on Bitstamp. The price observed 24-hours high at $0.24579 on the 26th of September, while the low was observed at the $0.23 mark.
What’s next for the XRP price?
The Trading View analyst Marty Boots believes that the cryptocurrency has recently completed a head and shoulders pattern on the 4-hour chart and it will soon move towards the $0.15 level.
The first shoulder was formed on the 15th of July, while the head completed its formation on the 21st of August. The analyst believes that the XRP price has now formed a megaphone below the trendline which supported the XRPUSD pair as it formed the head and shoulders pattern. The price is expected to fall towards the $0.156 mark, which is also the target price for this trade.
XRPUSD tests the 200-Day Moving Average
The Trading View analyst Nibbn is of the opinion that the XRP price will test the upper boundary of the descending channel that the cryptocurrency is currently trading in, once it moves above the 200-Day Moving Average.
Per the Ripple price prediction above, the XRP price is currently testing the 200-Day Moving Average and it is expected to fall towards ascending support that lies beneath the strong support level $0.228. The analyst stated that the 200-Day Moving Average has been acting as a resistance ever since the price broke below the technical indicator on the 21st of August. This Ripple price prediction is yes to come into play.
Ripple price prediction: rise to $0.277 ahead?
The Trading View analyst Solldy believes that the XRP price will rise towards the $0.27 mark soon after it breaks above the descending trendline.
Per the Ripple price prediction, the cryptocurrency has been testing a descending trendline for the past 24-hour hours, while it fell below the same trendline on the 21st of September. Before this, the cryptocurrency broke out of an ascending parallel channel. The XRP price found ascending support near the $0.22 mark on the 23rd of September.
The analyst believes that the XRP price will break above the descending trendline and rise towards the $0.27779 mark, which is also the target price for this trade. The stop-loss for this trade was marked at $0.234. This Ripple price prediction may come into play if the cryptocurrency closes above the descending trendline.
What to expect from Ripple?
The Trading View analyst YM Group is of the opinion that the XRP price will fall towards a support structure near the $0.23 mark.
The cryptocurrency found the resistance level at $0.245 on the 26th of September. The XRP price fell below the same support-turned-resistance on the 21st of September. The price bounced off this resistance on the 26th of September and the analyst expects the price to fall towards the $0.23 level, where it may find a support structure. The resistance level at $0.245 rejected the cryptocurrency, which resulted in price bounce.
Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
