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Ripple [XRP] Price Prediction, Technical Analysis – August 23



Ripple Price Prediction and Technical Analysis
Source: Ripple

Ripple XRP the 3rd largest cryptocurrency by market capitalization is currently trading at $0.322937 USD (-5.35%) according to Coinmarketcap while writing this post. The 24h High for this cryptocurrency is $0.34142 and 24h Low is $0.31039.

Ripple Price Prediction and Technical Analysis

While looking at the 1-day forecast the 10-day Exponential Moving Average is 0.32434 and 20-day Exponential Moving Average (EMA) is 0.34185. Now both of these data shows selling, but while looking at the 10-day Simple Moving Average which is 0.31690 recommends buying.

Ripple price prediction and technical analysis 23rd august

Ripple Price Prediction and Technical Analysis 23rd August (Binance)

The Relative Strength Index (14) is 42.47182 which is in the neutral zone and the MACD Level (12, 27) is -0.02754. The MACD level is recommending buying while the Ultimate Oscillator (7, 14, 28) for XRP is 47.51676 which is in neutral zone.

While looking at the 1-h forecast the Exponential Moving Average (10) is 0.32147 and EMA (20) is 0.32326. The Simple Moving Average (10) is 0.32116. All the EMA (10), EMA (20) and SMA (10) are showing sell signal.

Ripple XRP technical analysis as per moving averages and Oscillators

Data as per TradingView

The Relative Strength Index (14) in the 1h forecast is 43.50102 which is in the neutral phase. The MACD level (12, 27) is -0.00267.

This article should not be considered as an investment advice. Please conduct your own research before investing in any cryptocurrency.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.