XRP’s Bearish Phase Ending? Eyes on $0.75 Level

Amid this bearish market sentiment, it seems that Ripple’s native token XRP is nearing the top of its bearish part, as highlighted by a crypto analyst in a latest publish. On September 16, 2024, a crypto skilled posted on X (previously Twitter) that XRP is poised for a bullish breakout, which has been forming over the previous seven years.

Analyst bullish view on XRP

The crypto analyst famous that the formation of a bullish sample on the XRP chart is a “mom of all bull flags” as a consequence of its lengthy length. Moreover, the publish on

The analyst additionally emphasised that when the whales and buyers discover this sample, there’s a good likelihood that they will high up XRP, leading to a major worth enhance.

XRP Value Prediction for September 2024

Based on skilled technical evaluation, XRP seems bullish and has been consolidating inside a slim vary between $0.57 and $0.595 over the previous 4 buying and selling days. Furthermore, it’s buying and selling above the 200 Exponential Transferring Common (EMA), which signifies that it’s in an uptrend.

Primarily based on the historic worth momentum, if the extent is exceeded. This bullish outlook will solely maintain if XRP closes its every day candle above the USD 0.65 stage, in any other case it might cease on the USD 0.65 stage.

Present worth momentum

Presently, XRP is buying and selling across the $0.586 stage and has skilled a worth enhance of over 0.4% within the final 24 hours. Throughout the identical interval, buying and selling quantity fell by 22%, indicating an absence of dealer participation, probably as a consequence of present market sentiment.