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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The market has become even more bearish since yesterday; almost all of the Top 10 coins are in the red except for Polkadot (DOT), which remains trading in the green zone, rising by 1%.
                
                  
    
                    



                  
    
                    



                
              
<a rel="nofollow" target="_blank" href="https://coinstats.app/">Top 10 coins by Coinstats</a>
The total cryptocurrency market capitalization has also declined by almost $20 bln. The current index accounts for $350 bln.
<a rel="nofollow" target="_blank" href="https://coinstats.app/en/market-cap-charts/">Cryptocurrency market capitalization</a>
The key&nbsp;data of XRP is looking the following way:

<ul>
	<li dir="ltr">
	Name: XRP
	</li>
	<li dir="ltr">
	Ticker: XRP
	</li>
	<li dir="ltr">
	Market Cap:&nbsp;$11,881,356,680
	</li>
	<li dir="ltr">
	Price:&nbsp;$0.263964
	</li>
	<li dir="ltr">
	Volume (24h):&nbsp;$1,560,326,322
	</li>
	<li dir="ltr">
	Change (24h): -3.28%
	</li>
</ul>

The data is relevant at&nbsp;press time.

XRP/USD: Will bears dump the coin below $0.25?

XRP has lost the least among the Top 3 coins. The third most popular crypto has lost 3.28% of its price share, which is much less than&nbsp;the price change of Bitcoin (BTC) and Ethereum (ETH).
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
On the hourly chart, XRP has bounced off the support zone at $0.2555. At the moment, there is&nbsp;great&nbsp;potential to see a correction after a sharp decline. The liquidity is low, which supports the idea of a price rise to the support at $0.27. However, that will be just a bounce off, but not the&nbsp;start of&nbsp;continued growth.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
On the 4H time frame, a&nbsp;correction is also more likely than a&nbsp;drop. The Relative Strength Index indicator is almost on the verge of the oversold area, which means that bulls may seize the initiative in the short-term perspective. In that case, a&nbsp;rise may take XRP to the mark of $0.27.
                
                  
    
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<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
On the daily chart, the situation is reversed. The crucial support level of $0.25 has not been attained, which means that bulls may try to test it again.

<a rel="nofollow" target="_blank" href="#-eth-and-xrp-price-analysis-for-september-1">card</a>

Thus, the MACD indicator is located in the bearish wave without any signals of a potential reversal. All in all, the main scenario is a retest of the $0.25 mark before&nbsp;continued growth.

XRP is trading at $0.2630 at press time.
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    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('The market has become even more bearish since yesterday;&nbsp;almost all of the Top 10 coins are in the red except for Polkadot (DOT), which&nbsp;remains trading&nbsp;in the green zone, rising by 1%.
                
                  
    
                    



                  
    
                    



                
              
<a rel="nofollow" target="_blank" href="https://coinstats.app/">Top 10 coins by Coinstats</a>
The total cryptocurrency market capitalization has also declined by almost $20 bln. The current index accounts for $350 bln.
<a rel="nofollow" target="_blank" href="https://coinstats.app/en/market-cap-charts/">Cryptocurrency market capitalization</a>
The key&nbsp;data of XRP is looking the following way:

<ul>
	<li dir="ltr">
	Name: XRP
	</li>
	<li dir="ltr">
	Ticker: XRP
	</li>
	<li dir="ltr">
	Market Cap:&nbsp;$11,881,356,680
	</li>
	<li dir="ltr">
	Price:&nbsp;$0.263964
	</li>
	<li dir="ltr">
	Volume (24h):&nbsp;$1,560,326,322
	</li>
	<li dir="ltr">
	Change (24h): -3.28%
	</li>
</ul>

The data is relevant at&nbsp;press time.

XRP/USD: Will bears dump the coin below $0.25?

XRP has lost the least among the Top 3 coins. The third most popular crypto has lost 3.28% of its price share, which is much less than&nbsp;the price change of Bitcoin (BTC) and Ethereum (ETH).
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
On the hourly chart, XRP has bounced off the support zone at $0.2555. At the moment, there is&nbsp;great&nbsp;potential to see a correction after a sharp decline. The liquidity is low, which supports the idea of a price rise to the support at $0.27. However, that will be just a bounce off, but not the&nbsp;start of&nbsp;continued growth.
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
On the 4H time frame, a&nbsp;correction is also more likely than a&nbsp;drop. The Relative Strength Index indicator is almost on the verge of the oversold area, which means that bulls may seize the initiative in the short-term perspective. In that case, a&nbsp;rise may take XRP to the mark of $0.27.
                
                  
    
                        Ads




                  
    
                        Ads




                
              
<a rel="dofollow" href="https://www.tradingview.com/symbols/XRPUSD">XRP/USD chart by TradingView</a>
On the daily chart, the situation is reversed. The crucial support level of $0.25 has not been attained, which means that bulls may try to test it again.

<a rel="nofollow" target="_blank" href="#-eth-and-xrp-price-analysis-for-september-1">card</a>

Thus, the MACD indicator is located in the bearish wave without any signals of a potential reversal. All in all, the main scenario is a retest of the $0.25 mark before&nbsp;continued growth.

XRP is trading at $0.2630 at press time.
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Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 433)
Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
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Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 243)
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call_user_func(Array, Object, 'kernel.view', Object) (Line: 142)
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Original U.Today article

XRP Price Analysis for 09/03

Thu, 09/03/2020 - 15:15
article image
Denys Serhiichuk
Has the bounce-off time arrived for XRP?
XRP Price Analysis for 09/03
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The market has become even more bearish since yesterday; almost all of the Top 10 coins are in the red except for Polkadot (DOT), which remains trading in the green zone, rising by 1%.

Top 10 coins by Coinstats
Top 10 coins by Coinstats

The total cryptocurrency market capitalization has also declined by almost $20 bln. The current index accounts for $350 bln.

Cryptocurrency market capitalization
Cryptocurrency market capitalization

The key data of XRP is looking the following way:

  • Name: XRP

  • Ticker: XRP

  • Market Cap: $11,881,356,680

  • Price: $0.263964

  • Volume (24h): $1,560,326,322

  • Change (24h): -3.28%

The data is relevant at press time.

XRP/USD: Will bears dump the coin below $0.25?

XRP has lost the least among the Top 3 coins. The third most popular crypto has lost 3.28% of its price share, which is much less than the price change of Bitcoin (BTC) and Ethereum (ETH).

Cryptocurrency market capitalization
XRP/USD chart by TradingView

On the hourly chart, XRP has bounced off the support zone at $0.2555. At the moment, there is great potential to see a correction after a sharp decline. The liquidity is low, which supports the idea of a price rise to the support at $0.27. However, that will be just a bounce off, but not the start of continued growth.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

On the 4H time frame, a correction is also more likely than a drop. The Relative Strength Index indicator is almost on the verge of the oversold area, which means that bulls may seize the initiative in the short-term perspective. In that case, a rise may take XRP to the mark of $0.27.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

On the daily chart, the situation is reversed. The crucial support level of $0.25 has not been attained, which means that bulls may try to test it again.

card

Thus, the MACD indicator is located in the bearish wave without any signals of a potential reversal. All in all, the main scenario is a retest of the $0.25 mark before continued growth.

XRP is trading at $0.2630 at press time.

#XRP Price Analysis
article image
About the author
Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.

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