XRP Price Analysis: XRP Gearing Up for a Massive Rally?

  • XRP down approximately -0.06% within the last 24 hours.
  • XRP currently trades near $0.51
  • XRP faces resistance at $0.52.
  • XRP rose 2.04% in seven days.

24 September 2023 : In this article we will walk you through XRP price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for XRP, Is XRP a good investment? XRP support & resistance levels etc. But before diving deep into the XRP technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,054,475,020,004. The total trading volume stands at $14,782,656,507. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,589.66 level after an upward movement of 0.04%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.17 percent reaching to $1,594.83 during the previous 24 hours.
While publishing this blog, BNB traded at $210.67, following a price change of -0.1%within the same time frame. XRP the native coin of XRP is down by -0.06 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

XRP Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of XRP (XRP)

XRP Resistance Levels XRP Support Levels
Resistance Level 1 $0.52 Support Level 1 $0.44
Resistance Level 2 $0.55 Support Level 2 $0.41
Resistance Level 3 $0.59 Support Level 3 $0.37

XRP Performance

The current XRP price is $0.51, with a trading volume of $363,177,161.00 in the past 24-hours. Currently, XRP is down by -0.06% since yesterday with a market capitalization of $27,174,376,175.00 USD.

XRP Price Analysis

XRP price analysis for 24 September 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the XRP.

Moving Averages Price Indicator
Simple Moving Average (10) 0.49 Buy
Exponential Moving Average (10) 0.49 Buy
Simple Moving Average (20) 0.49 Buy
Exponential Moving Average (20) 0.49 Buy
Simple Moving Average (50) 0.42 Buy
Exponential Moving Average (50) 0.42 Buy

The first support level for XRP is at $0.44 while the second one is at $0.41. While taking about resistance the XRP has R1 and R2 at $0.52, $0.55 respectively. The Relative strength index (RSI) for XRP Coin is currently hovering at 50 for 14-days average line, which means XRP is in consolidation zone right now. While XRP’s Williams %R indicator is at -64.556 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The MACD line is standing below of the signal line after a crossover. XRP investors need to wait for any directional change over the daily chart.


XRP has few recovery chances and might continue testing immediate resistance level of $0.52 in the coming days. While the gradual bullish movement in the overall cryptocurrency space can keep XRP investors hopeful.