Price Analysis

Ripple [XRP] Price Prediction, Technical Analysis – September 30th

Ripple XRP is the 3rd largest cryptocurrencies by Market Capitalization is currently trading at $0.591746 USD (+7.54%) according to CoinMarketCap at the time of writing this post. The 24h High for this cryptocurrency is $0.61312 and 24h Low is $0.54050 (As per Binance XRP/USDT pair). The market capitalization for Ripple XRP while writing this post is $23,593,438,245 USD (CoinMarketCap).

Ripple NEWS

As you know Ripple is going to host an event at San Francisco, CA on October 1-2, 2018. As per the official website “Swell, hosted by Ripple, connects the world’s leading experts on policy, payments, and technology for the most provocative dialogue in global payments today.” The keynote speaker is President Bill Clinton.

As said in the previous day prediction that there will be a bull run before the start of the event and it seems that bull run has started. The Ripple XRP price has crossed the $0.60 mark.

Ripple Price Prediction and Technical Analysis

We will do the analysis in two parts, the first will be based on 1-day price forecast while the other will be 1h price forecast.

1-day Price Forecast

The 1-day price analysis will be based on the Moving averages and Oscillators. After seeing the moving averages the Exponential Moving Average (10) is 0.52601 while Simple Moving Average is 0.55048. Other moving averages like EMA (20, 30, 50, 100, 200) and SMA (20, 30, 50, 100, 200) all are in the massive buy zone. However, one of the moving averages which is Ichimoku Cloud Base Line (9, 26, 52, 26) is in the neutral zone.

Data as per Binance

Volume Weighted Moving Average (20) for Ripple XRP is 0.49878 indicating a buy signal. The Hull Moving Average (9) is also in the buy zone with a value of 0.57557

Data as per TradingView

While looking at the Oscillators the Relative Strength Index (14) is 74.23724 which is in the Sell Zone and the MACD Level (12, 27) is 0.06868 and recommending buying. Momentum (10) is also in the buying zone having a value of 0.16304

The Bull Bear Power for XRP is 0.16639 which is in the Neutral zone.

1h Price Forecast

Now let’s discuss the price forecast based on 1-hour price graph. While looking at the Moving Averages of 1h price graph the Exponential Moving Average (10) is 0.58710 and Simple Moving Average (10) is 0.58313. Here both the EMA (10) and SMA (10) is indicating a buy signal. Here also all other moving averages like EMA (20, 30, 50, 100, 200) and SMA (20, 30, 50, 100, 200) are in the buy zone.

Data as per TradingView

The only moving average which is in the neutral zone is Ichimoku Cloud Base Line (9, 26, 52, 26) having a value of 0.57722.

Also, while looking at the Oscillators the Relative Strength Index (14) in the 1h forecast is 76.39332 which is in the sell zone. The MACD level (12, 27) is 0.01183 indicating a buy signal. The Awesome Oscillator having a value of 0.02850 is in the buy zone and the Momentum (10) having value 0.04566 is in the sell zone.

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

Recent Posts

Coinbase faces new lawsuit that claims SOL, MATIC, NEAR, MANA, ALGO, UNI, XTZ and XLM are securities

Coinbase crypto exchange and its CEO, Brian Armstrong, faces a new lawsuit that claims Solana,…

1 week ago

Service Beyond Gaming: The Support Experience at HugeWin

In the world of online gambling, the quality of customer service can make or break…

1 month ago

Bitcoin (BTC) Cycle: Aiming for $155,000 Peak by August 2025

Since its launch in 2009 Bitcoin has experienced several cycles characterized by bull and bear…

1 month ago

Alchemy Pay and Astar Network collaborate to integrate Astar zkEVM & its native token ASTR

The leading fiat-crypto payment gateway, Alchemy Pay, announces collaboration with Astar Network. With this integration,…

2 months ago

Bitcoin (BTC) Price Plunges after an All-Time High Above $69K

Today the price of Bitcoin (BTC) soars to an all time high of $69000. This…

2 months ago

Bitcoin Price Hits $62000: Analyzing Crypto Market Sentiment

Today the price of Bitcoin crosses the $62000 mark and at press time the price…

2 months ago

This website uses cookies.