XRP Price Prediction for September 22
Bulls have shown signs of weakness as the week comes to a close, according to CoinMarketCap. The price of XRP has seen a slight increase of 0.43% since yesterday.
For short-term traders, it is important to keep an eye on the local level of $0.5868 on the hourly chart. If the daily candle closes below this level, we can expect the price to continue falling towards the $0.58 zone.
Looking at the larger time frame, XRP is currently trading within the range of yesterday’s candle. If buyers are unable to hold the interim level of $0.58, we may see a further drop towards the $0.56 range in the coming days.
From a midterm perspective, XRP is positioned in the middle of a wide channel between the support level of $0.5026 and the resistance level of $0.6580. With neither side dominating, it is more likely that the price will continue to trade sideways in the range of $0.55-$0.60.
As of press time, XRP is trading at $0.5859.