Crash

Greed

when

Daily

September could be a game-changing month for <a href="https://cryptoticker.io/en/token/price/XRP-USD" rel="noopener noreferrer nofollow">XRP</a>. As one of the most talked-about cryptocurrencies, investors and enthusiasts are wondering whether the price will crash or skyrocket. In this <a href="https://cryptoticker.io/en/prediction/xrp-price-prediction" rel="noopener noreferrer nofollow">XRP price prediction</a> article, we'll explore the key factors that could influence XRP's price this month and help you understand what to watch for in the coming weeks.&nbsp;
<h2 id="strong-how-has-the-xrp-price-moved-recently-strong">How has the XRP Price Moved recently?</h2>
<figure class="image"><img style="aspect-ratio:1814/802;" src="https://cryptoticker-strapi-media.s3.eu-central-1.amazonaws.com/XRPUSD_2024_08_31_12_22_22_2b7442613b.png" alt="XRP Price Prediction" width="1814" height="802">
 <figcaption>XRP/USD Daily Chart- <a href="https://www.tradingview.com/symbols/XRPUSD/?aff_id=127958" rel="noopener noreferrer nofollow">TradingView&nbsp;</a>
 </figcaption>
</figure>
As of today, <a href="https://cryptoticker.io/en/token/price/XRP-USD" rel="noopener noreferrer nofollow">XRP is priced at $0.56801</a>, with a 24-hour trading volume of $1.57 billion and a market cap of $31.95 billion, giving it a market dominance of 1.53%. Over the last 24 hours, XRP's price has risen by 1.15%.
XRP hit its all-time high of $3.92 on January 4, 2018, while its lowest price of $0.002802 was recorded on July 7, 2014. Since its peak, the lowest price XRP reached was $0.113268 (cycle low), and the highest price since then was $1.97793 (cycle high). The current sentiment for XRP price prediction is neutral, with the Fear &amp; Greed Index indicating a score of 29 (Fear).
XRP has a circulating supply of 56.25 billion out of a maximum supply of 100 billion. The yearly supply inflation rate stands at 6.45%, meaning 3.41 billion XRP were created over the past year.
<h2 id="strong-xrp-price-prediction-xrp-price-is-fluctuating-strong">XRP Price Prediction: XRP Price is fluctuating</h2>
<a href="https://cryptoticker.io/en/token/price/XRP-USD" rel="noopener noreferrer nofollow">XRP has managed to hold steady above the key $0.5550</a> support level, much like Bitcoin and Ethereum. Although the price tried to initiate a recovery, it was short-lived. XRP briefly rose above $0.5650, reaching up to $0.5750, before facing another drop.
After retesting the $0.5550 support, XRP formed a low at $0.5567 and is currently consolidating its losses. The price did recover slightly, moving above the 23.6% Fibonacci retracement level from the recent $0.5767 high to the $0.5567 low.
However, XRP remains below $0.5750 and the 100-hour Simple Moving Average. On the upside, resistance is expected near the $0.5680 level, with a more significant resistance around $0.570. A bearish trend line is also forming on the hourly chart, with resistance near $0.570 for the XRP/USD pair.
<h2 id="strong-will-xrp-price-crash-or-skyrocket-in-september-strong">Will XRP Price Crash or Skyrocket in September?</h2>
&nbsp;
The outlook for XRP in September presents a mixed picture, with potential outcomes hinging on how market participants perceive its long-term value versus its current price action.&nbsp;
The recent 2% intraday drop, contributing to a 6% weekly decline, paints a discouraging picture, especially when compared to the year-to-date performance of its peers like Solana, Bitcoin, and BNB. XRP's 8.16% loss since January has led some investors to lose confidence, with declarations that XRP is "dead" becoming more common.
However, Versan Aljarrah, founder of Black Swan Capitalist, offers a contrarian perspective, arguing that these price movements are mere distractions from<a href="https://cryptoticker.io/en/token/price/XRP-USD" rel="noopener noreferrer nofollow"> XRP's true value</a> proposition.&nbsp;
He believes that the fluctuations are designed to "shake out" short-term traders, while the real value of XRP lies in its technology and its role as a potential backbone of the new banking system. Aljarrah's confidence in XRP's future, even suggesting a potential long-term price of $10,000, underscores his belief in its strategic importance in the evolving digital finance landscape.
Given this, the prediction for September hinges on market sentiment. If traders continue to focus on short-term price movements, XRP may see further declines or stagnation. However, if the market begins to recognize and factor in the long-term potential highlighted by proponents like Aljarrah, XRP could stabilize or even begin to recover.&nbsp;
While a dramatic skyrocket in price seems unlikely in the short term, a crash is also not inevitable, especially if the broader market starts to appreciate XRP's foundational role in future financial systems.

XRP Price prediction: Will XRP Price Crash or Skyrocket in September?

Table of Contents

CryptoTicker ENG

Other articles published on Aug 31, 2024

Rediscovering Ethereum: Surprising Reasons Why Bull Market Presence Isn’t Unwarranted

Why Bitcoin Bulls Struggle to Maintain Their Momentum?

Focus on Meme Coins: 3 Top Choices Drawing Traders – MoonBag, Mog Coin and Mpeppe

New Altcoin Attracts Ethereum (ETH) and Polygon (MATIC) Holders – Could This Be Crypto’s Next Big...

5 Low-Cost Altcoins That Can Lead To High Returns

Notcoin's Big Giveaway: 2.75B $DOGS Tokens Distributed to 150K Users

Join our free newsletter for daily crypto updates!