- The Ripple price closed the previous day’s trade at $0.4457 with a market capitalization of $22.02 billion & a circulating supply of 49.09 billion XRP
- As the bears stopped XRP’s parabolic rally, the token may now be set to float within predetermined areas.
Ripple (XRP) PRICE & Technical Analysis
|XRP Price Prediction for Today||$0.45|
|14 Day RSI||60.52|
|Fear and Greed Index||20 (Extreme Fear)|
|Green Days||18/30 (60%)|
Additional Read: Top Altcoins 2022
Ripple Technical Analysis for the Week
The previous week saw a notable upswing in ripple prices, which increased by more than 46%. Since then, the token has been settling inside of a symmetric triangle, but the most recent price decline forced it to break through the lower support. Prices are currently hovering near the lower support, and the upcoming leg down could start a significant bearish trend.
The price may be forced to trade under the bearish influence further due to a significant amount of bearish volume that has accumulated. The price is expected to drop below the immediate support levels and will continue to consolidate for some time. Currently, the Ripple price is trading above $0.44 and may remain consolidated above these levels until the weekend.
Ripple Technical Analysis at a Glance
Ripple prices were attempting a parabolic recovery to reclaim the levels seen prior to the May crash. However, the bears stymied the rally at $0.5, which is thought to be the start of a new descending trend. As a result, the end of 2022 is expected to be extremely bearish, with a sigh of relief in the following years.
|Short Term||The price of XRP is approaching the lower bottoms of the current descending trend and, as a result, is poised to rebound once reached.|
|Mid-Term||The bullish pressure may be relieved very soon, causing the price to fall by a significant margin in the coming days.|
|Long-Term||As a result of the insufficient buying volume, the price may continue to consolidate below the pivotal zones.|
Will XRP Price Reach $0.49 Today?
The XRP price is currently trading below $0.45 after a new rejection from the $0.48 region. The trading volume has dropped considerably due to low volatility. As a result, the narrow consolidation may continue until the price makes a strong move in either direction.
The price has been trending downward for the past three to four days and is expected to continue in that direction throughout the day. However, if the bears stay away, the lower support could be respected and held firmly. By the end of the day, the price will be somewhere between $0.435 and $0.45.
Will XRP Price Reach $0.55 by the End of the Month?
Earlier this month, the XRP price was on its way to the pivotal zone of around $0.6. However, the price has been forced to consolidate below $0.45 due to a strong rejection. At the moment, the trend may continue to the south, with the intention of testing the recent lows and igniting a strong upswing.
The monthly close is approaching, and prices may attempt to reclaim lost positions above $0.5 initially. While the token may experience a minor pullback, it will eventually surpass these levels by the end of September. As a result, the XRP price may trade between $0.51 and $0.55 by the end of the month.
Ripple Price Prediction: Price Trend Comparison with Bitcoin(BTC)
- Ripple & Bitcoin are among the popular cryptos that have secured their positions within the top 10
- Bitcoin price remained largely consolidated since the beginning of the month, while the XRP price showcased a gigantic rally
- The BTC/USDT price could manage to reach the highs around +4.85% and quickly dropped to trade around -11.70% at the moment
- Conversely, XRP/USDT price rose magnificently to reach +55.99% and presently experienced a slight pullback and trading at +29.79%
Ripple Price Prediction: 2022, 2023, 2024, 2025
The ripple price has shown a tendency to recover from losses and surge higher. However, the bearish influence has widened recently, which may force the token to close in the red for the month and year. On the plus side, the XRP price is expected to recover significantly and resume a strong bullish trend in the coming years.
|Year||XRP Price Forecast|
|2022||$0.78 to $0.95|
|2023||$1.4 to $2.2|
|2024||$1.8 to $2.4|
|2025||$2.9 to $3.3|
Read more on Ripple Price Prediction
Ripple News Today
- Australian Reserve Bank collaborated with the Digital Finance Cooperative Research Centre to release the Australian CBDC pilot project, most probably on XRPL
- Recently, the Ripple vs SEC case is gaining huge attention as the Summary Judgements and hence the platform also recorded huge whale transfers in batches. They transferred more than 260 million XRP worth nearly $130 million