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XRP Price Analysis for September 13

Wed, 09/13/2023 - 18:00
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Denys Serhiichuk
When can buyers expect local rise of XRP?
XRP Price Analysis for September 13
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Even though the day has started with the fall of most of the coins, buyers are trying to get back in the game.

Top coins by CoinStats


The rate of XRP has risen by 0.64% over the past 24 hours.

Image by TradingView

On the hourly chart, the rate of XRP is in the middle of the local channel; however, it is slowly approaching the resistance of $0.4893. If the situation does not change by the end of the day, the candle closure near the mentioned mark can be a prerequisite for a possible rise to the $0.50 zone.

Image by TradingView

A less clear picture can be seen on the daily time frame, as the rate of XRP is trading sideways after a false breakout of the $0.46 level. As none of the sides has seized the initiative yet, ongoing consolidation between $0.47 and $0.49 remains the more likely scenario until the end of the week.

Image by TradingView

From the midterm point of view, it is too early to make any predictions as the candle is far from the closure. Currently, one should pay attention to the vital zone of $0.50.

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If buyers can return the rate above it, there is a possibility of a further upward move to $0.55.

XRP is trading at $0.4841 at press time.

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About the author

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