Ripple Price Analysis — September 14
Ripple suffered a sharp blow yesterday following the release of higher-than-expected US inflation data, indicating that the US Fed is likely to maintain or increase its aggressive quantitative tightening.
However, with the Ethereum Merge coming in a few hours, we should see some volatile movements for XRP soon. The immediate target for bulls is the $0.3800 resistance, where, if crossed, the tides could flip to bullish for the payment cryptocurrency. For now, traders are likely on the sidelines to see how the price acts in the run-up to the event.
Meanwhile, my resistance levels are $0.3400, $0.3500, and $0.3600, and my support levels are $0.3300, $0.3200, and $0.3100.
Total Market Capitalization: $992.7 billion
Ripple Market Capitalization: $16.7 billion
Ripple Dominance: 1.69%
Market Rank: #7
However, with the Ethereum Merge coming in a few hours, we should see some volatile movements for XRP soon. The immediate target for bulls is the $0.3800 resistance, where, if crossed, the tides could flip to bullish for the payment cryptocurrency. For now, traders are likely on the sidelines to see how the price acts in the run-up to the event.
Meanwhile, my resistance levels are $0.3400, $0.3500, and $0.3600, and my support levels are $0.3300, $0.3200, and $0.3100.
Total Market Capitalization: $992.7 billion
Ripple Market Capitalization: $16.7 billion
Ripple Dominance: 1.69%
Market Rank: #7
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