bullish

Token

Convergence

Divergence

<p>Amid increased price volatility in the crypto market, the Ripple price has lost ~$800 million from its portfolio in the past 24 hours. Moreover, with a strong rejection, this altcoin has continued trading within the channel pattern since July.</p>  
<p>With the current market sentiments, the hopes of investors on XRP price achieving the $1 mark have started to dilute. Moreover, with questions like “Will XRP price ever rise up?” and “How low will Ripple go?”, investors are uncertain about the token's future prospects.</p>  
<h2 class="wp-block-heading" id="h-ripple-token-records-increased-bearish-action">Ripple Token Records Increased Bearish Action</h2>  
<p>Despite recording a positive inflow after the launch of Grayscale’s XRP trust, this altcoin has faced rejection at its resistance trendline of the descending channel pattern in the 1D time frame. This highlights a strong bearish influence in the crypto space.</p>  
<figure class="wp-block-image"><img src="https://image.coinpedia.org/wp-content/uploads/2024/09/18191741/image-407.png" alt="XRP price target 18-09-2024" class="wp-image-352256">
</figure>  
<p>Notably, it has dropped 2.29% within the past day with a trading volume of $1.004 billion. Moreover, it has lost 2.20% during the past 30 days and has a Year-to-Date (YTD) return of -9.08%.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-xrp-technical-sentiments">XRP Technical Sentiments</h2>  
<p>The EMA 50-day acts as a support to the Ripple price chart in the 1D time frame. This indicates a rising bullish sentiment in the crypto space for the altcoin.</p>  
<p>Further, the Moving Average Convergence Divergence (MACD) displays a constant green histogram with its averages showing a rising pattern. This indicates a bullish outlook for the XRP coin price in the coming time.</p>  
<h2 class="wp-block-heading" id="h-is-ripple-price-going-to-rise">Is Ripple Price Going To Rise?</h2>  
<p>A bullish reversal could push the price toward its resistance trendline of the channel pattern. Moreover, a positive breakout could result in it heading toward its upper resistance level of $0.630 during the upcoming weeks.</p>  
<p>On the flip side, if the bears continue to dominate the crypto space, this could pull the price of Ripple toward its support of $0.560. Further, if the bulls fail to regain momentum at that point, this could result in the XRP crypto plunging toward its lower support level of $0.480.</p>  
<p>Curious about the long-term prospects of XRP? Our <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Ripple (XRP) Price Prediction</a> solves all such doubts!</p>

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