Ripple XRP/USD Price Prediction, Technical Analysis – September 2nd - Koinalert
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Ripple XRP/USD Price Prediction, Technical Analysis – September 2nd

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Ripple XRP Price Prediction and Technical Analysis
  • Ripple’s XRP at the press time is valued at $0.256414 (-0.9%)
  • XRP is trading below daily EMA 200 and SMA 200.
  • The market capitalization of Ripple’s XRP is $11,015,690,572 USD.

Ripple’s XRP is at present the 3rd largest cryptocurrency by market capitalization. The total market capitalization as on Sept 02nd 00:44:45 UTC is $11,015,690,572 USD.

XRP is one of the underperformer altcoins which is down by -5.0% in 7days, -9.1% in 14 days, -18.0% in 30 days and -26.3% in 1 year.

Ripple XRP/USD Price Analysis

If we look at the technical indicators like moving averages and oscillators we can better analyse the price movement of this altcoin. The daily EMA (5, 10, 20, 30, 50, 100, 200) and SMA (5, 10, 20, 30, 50, 100, 200) all are recommending selling.

The daily Ichimoku Cloud Base Line (9, 26, 52, 26) is 0.27531569 and Volume Weighted Moving Average (20) which is 0.26594969 both are recommending selling.

Source: TradingView

While coming to the Oscillators if we look at the daily Relative Strength Index (14) which is 33.41029794 and is between the buy and sell zone.

The daily MACD Level (12, 26) and Momentum (10) are -0.01239717 and -0.02017355 respectively and both of them are in the buy pressure zone. Only these two oscillators are in the buy pressure zone while the rest others are in the sell pressure zone.

The daily Stochastic RSI Fast (3, 3, 14, 14) is 15.31133433 and is between the buy and sell pressure zone.

After looking at the different moving averages and oscillators on a daily basis almost all the moving averages are in the strong sell zone while oscillators are in the buying zone.

Conclusion

The Fibonacci support S1, S2 & S3 are 0.24075387, 0.21926786 and 0.18448966 respectively. While the resistances R1, R2 & R3 are 0.31031027, 0.33179628 and 0.36657448 respectively.


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.