<p>In this bearish market sentiment, it appears that Ripple’s native token XRP might be nearing the end of its bearish phase, as highlighted by a crypto analyst in a recent post. On September 16, 2024, a crypto expert made a post on X (Previously Twitter) that XRP is poised for a bullish breakout, which has been forming over the past seven years.</p>  
<h2 class="wp-block-heading" id="h-analyst-bullish-view-on-xrp"><strong>Analyst Bullish View on XRP</strong></h2>  
<p>The <a href="https://x.com/CredibleCrypto/status/1835941753087500434" target="_blank" rel="noopener noreferrer nofollow">crypto analyst</a> noted that the formation of a bullish pattern on the XRP chart is a “mother of all bull flags” due to its long duration. Additionally, the post on X mentioned that this type of bullish price action pattern is very rare and unique in the cryptocurrency landscape, as cryptocurrencies haven’t been around long enough to form a similar pattern.&nbsp;</p>  
<figure class="wp-block-image size-full"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/18035839/GXqS81wXsAAz9eL.jpg" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/18035839/GXqS81wXsAAz9eL.jpg" alt="" class="wp-image-351824"></a>
 <figcaption class="wp-element-caption">
  Source: X (Previously Twitter)
 </figcaption>
</figure>  
<p>The analyst also highlighted that once the whales and investors notice this pattern, there is a high possibility they could potentially bag up XRP, resulting in a significant price rally.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-xrp-price-prediction-for-september-2024"><strong>XRP Price Prediction for September 2024</strong></h2>  
<p>According to expert technical analysis, XRP appears bullish and has been consolidating in a tight range between $0.57 and $0.595 for the last four trading days. Additionally, it is trading above the 200 Exponential Moving Average (EMA), signaling that it is in an uptrend.</p>  
<figure class="wp-block-image size-large"><a href="https://image.coinpedia.org/wp-content/uploads/2024/09/18035944/XRPUSDT_2024-09-18_03-59-33.png" rel="noopener noreferrer nofollow"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/18035944/XRPUSDT_2024-09-18_03-59-33-1024x448.png" alt="" class="wp-image-351825"></a>
 <figcaption class="wp-element-caption">
  Source: Trading View
 </figcaption>
</figure>  
<p>Based on the historical price momentum, if <a href="https://coinpedia.org/news/xrp-price-prediction-1-dream-seems-far-fetched-amid-sec-and-trump-issues-heres-whats-next/" rel="noopener noreferrer nofollow">XRP price</a> closes a daily candle above the $0.60 level, there is a strong possibility it could soar by 20% to the $0.75 level, while also breaching the $0.65 level. This bullish outlook will only hold if XRP closes its daily candle above the $0.65 level otherwise, it may halt at the $0.65 level.</p>  
<h3 class="wp-block-heading" id="h-current-price-momentum"><strong>Current Price Momentum</strong></h3>  
<p>Currently, XRP is trading near the $0.586 level and has experienced a price surge of over 0.4% over the last 24 hours. During the same period, its trading volume declined by 22%, indicating a lack of trader participation, potentially due to the current market sentiment.</p>

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