XRP Price Prediction – XRP Maintains Bearish Momentum Declining Lower, What Hope is There For XRP? – September 6th, 2020 

Ripple XRP Price Prediction
  • Ripple XRP is Down Significantly Against the USD 
  • Falling Below the $0.2500 Level Paved the Way for Lower Lows Near-term 
  • What Hope is There for XRP?

XRP Price Prediction – Things have been bad for Ripple XRP over the last few days and there is a strong chance that things will keep getting worse near-term. While the fall of the token is not isolated, XRP is one of the worst performers. At the beginning of trading today, the token was down by more than 6.68% against the USD and it has been declining lower since then. If the token keeps falling, there is a strong chance that the token will decline below the $0.2200 within the next few trading sessions. The token declined below the candle twice in a role within just 4 hours indicating a 0.09% decline.

XRP Price Prediction 2020 – Ripple XRP Price Prediction 2020 

At the time of writing, the price of the Ripple XRP token was $0.243363. This means that it is down by 0.70% against the USD and down by 1.48% against Bitcoin BTC. The trading volume over a 24 hour period was $2,211,846,066 and the market capitalization was $10,954,065,218. The decline is terrible and things aren’t looking good for the token right now. The good news is that things might get better soon if the price of the Bitcoin BTC token picks up the bullish pace, it might drag the XRP token and others along. Bitcoin BTC is currently trading at $10,291.22. It is up by 0.79% against the USD with a trading volume of $48,329,182,965 and a market capitalization of $190,193,879,752.

Ever since the token fell below the $10,500 level, it has been struggling against the USD. Some people believe that the token started falling right after the parabolic bull run that saw people cashing out their profits. The Bitcoin BTC token moved above the $11,900 level during the surge almost testing the $12k level but the resistance was too much and it took a bearish turn. It hasn’t recovered from the bearish pull back until now.

XRP (XRP) Price Today – XRP / USD

NamePrice24H %
ripple
XRP(XRP)
$0.245
1.67%

In other news, the XRP trading volume is surprisingly surging despite the fall in the token’s price. As of yesterday, the volume of XRP was 14.37% compared to Friday’s volume. Compared to last week’s Saturday, the volume is up by more than 104.11%. The token is currently close to the 100-day moving average. This usually shows that the momentum of a token is about to change direction. In the next few days of trading, everyone will know what direction XRP will take. Depending on the price trend of Bitcoin, a bullish rally might be possible despite the current price.

Ufuoma Ogono is a cryptocurrency writer with over 3 years experience in the cryptocurrency industry. She dedicates her time to sharing valuable information to members of the cryptocurrency community.

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.