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    Home » XRP » Ripple Price Analysis: XRP Bounces From 100-day MA and Battles to Reclaim $1

    Ripple Price Analysis: XRP Bounces From 100-day MA and Battles to Reclaim $1

    Author: Yaz Sheikh

    Last Updated Sep 23, 2021 @ 17:57

    XRP rebounded today as the coin battles to reclaim $1. Against BTC, it found support at the 100-day MA around 2100 SAT.

    XRP/USD – Buyers Battling To Reclaim $1.

    Key Support Levels: $0.95, $0.876, $0.8282.
    Key Resistance Levels: $1.05, $1.15, $1.25.

    XRP fell beneath the $1.05 floor on Monday and ended up below $1, and the 200-day MA until support was found at $0.875 (.618 Fib). This level was further bolstered by the 100-day MA level, which allowed XRP to rebound.

    After this, XRP went on to break the 200-day MA at $0.85 and spike back above $1. Unfortunately, the bulls have still not managed to gain ground above $1.00 so far.

    xrpusd-sep23-min
    XRP/USD Daily Chart. Source: TradingView.

    XRP-USD Short Term Price Prediction

    Looking ahead, the first resistance lies at $1.05. This is followed by $1.10 (50-day MA & 20-day MA), $1.15, and $1.25 (Feb 2018 Highs).

    On the other side, the first support lies at $0.95 (200-day MA). This is followed by $0.876 (.618 Fib & 100-day MA), $0.8282 (2020 highs), and $0.8 (downside 1.272 Fib Extension).

    The RSI has been beneath the midline for the majority of September as the selling momentum continues to take hold.

    XRP/BTC – XRP Rebounds From 100-day MA Support

    Key Support Levels: 2225 SAT, 2100 SAT, 2075 SAT.
    Key Resistance Levels: 2350 SAT, 2400 SAT, 2500 SAT.

    XRP is also in a rebound against BTC itself. The cryptocurrency fell beneath 2225 SAT (.5 Fib) on Monday and collapsed as low as 2050 SAT. Luckily, the bulls regrouped above 2150 SAT by the end of the day and managed to use the 100-day MA support at 2100 SAT as support on Tuesday and Wednesday.

    Yesterday, XRP bounced from the 100-day MA and surged back above 2200 SAT to reach as high as 2300 SAT. It has since dropped to 2250 SAT today.

    xrpbtc-sep23-min
    XRP/BTC Daily Chart. Source: TradingView.

    XRP-BTC Short Term Price Prediction

    Looking ahead, the first resistance lies at 2350 SAT (50-day MA & 20-day MA). This is followed by 2400 SAT, 2500 SAT, and 2670 SAT.

    On the other side, the first support lies at 2225 SAT (.5 Fib). This is followed by 2100 SAT (100-day MA & 200-day MA), 2075 SAT (.618 Fib), and 2000 SAT.

    Again, the RSI is beneath the midline here, indicating that the sellers remain in control of the market momentum.

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    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Ripple (XRP) Price
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    About The Author

    Yaz Sheikh
    More posts by this author

    Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potentials of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.

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