XRP Price Prediction – How High will XRP go if it Moves Above the $0.31 Resistance? September 3rd, 2020 

  • XRP is Declining but this doesn’t mean all hope is lost Ripple XRP will gain momentum if it moves above the $0.31 level but there is a tough road ahead
  • A break above the $0.32 level will see XRP test monthly 3-month highs

XRP Price Prediction – Yesterday, the XRP token gained momentum moving above the $0.30 level after falling as low the $0.26 level. The decline was significant and people lost faith in the price of the token. However, this decline may just be giving the token a chance to surge against the USD. Things are looking bleak for XRP right now but short buyers are buying the dip. The current price of the token has also allowed the long buyers to buy and hold but they will stop buying and most likely start selling if the token continues to decline and if it reaches the $0.200 level. 

XRP Price Prediction – How High Will XRP go in the Next Few Days 

At the time of writing, the price of the XRP token was $0.27 and it was down by 5.93% against the USD and down by 3.60% against Bitcoin BTC. The trading volume over 24-hour period was $1,731,467,536 and the market capitalization was $12,274,849,835. The $0.26 level is acting as key support and the last time the token tested this level, it surged briefly but faced another resistance at the $0.28 level. Ripple has formed immediate support at the $0.27 level. With the current decline, the token will most likely lose this support before the end of the current trading session. If the token falls below this level, it will decline to the next support at the $0.26 level. a drop below this level will take the price lower again to the next support and possibly lower. 

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020 

While several support levels will promote a decline, many resistances will prevent the token from making any major comebacks near-term. If XRP starts gaining momentum against the USD, there is a strong chance that the token will face immediate resistance at the $0.28 level. The next key resistance after this point will be at the $0.30 level. For more than five days, the token has been unable to move above this resistance level. However, analysts on InsideBitcoins.com have said that the XRP token still has what it takes to enjoy a key bullish rally as long as it moves above the $0.30 level and the $0.31 level. the next bullish rally for XRP might take it as high as $0.35 for the first time in months. If this happens, nothing is stopping the price from surging toward the $0.40 level. it might look like a long short now but it all depends on Bitcoin BTC. BTC is currently hovering above the $11,330 level. this is a significant drop because the token traded almost as high as $12k a few months ago. 

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.