Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Scalable L1 Power Meme -Munten

2025-05-18

Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»XRP remains bullish, but a push past this key level could dictate the future
Altcoins

XRP remains bullish, but a push past this key level could dictate the future

2023-09-20No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Journalist

Posted: September 21, 2023

Disclaimer: The information presented does not constitute financial advice, investment advice, trading advice or any other form of advice and is solely the opinion of the writer

  • XRP has demand, bullish structure and momentum behind it as the price rose towards the $0.55 resistance
  • The move above $0.5 indicated bullish intentions, but buyers should beware of a shift in market structure on the lower futures

Digital asset data provider Kaiko noted that another $4 million was added to the Ripple [XRP] depth of the market. It rose from $8 million to $12 million in early September, which was good news for traders as it shows that large orders will not cause unnecessary volatility.


Is your portfolio green? Check out the XRP profit calculator


While this is a positive development, it is unlikely to impact market sentiment in the short term. XRP was bullish but faced a higher timeframe resistance zone to the north, extending to $0.55. If the bulls can overcome this obstacle, the chances of a rally will increase.

The breakout and retest of $0.5 gives XRP bulls the confidence to pursue further gains

XRP bulls are driving prices above $0.5, demand for the token continues to rise

Source: XRP/USDT on TradingView

On September 19, XRP closed a four-hour trading session above the previous lower high at $0.5076 from September 8. As noted in a recent report, this was a crucial short-term level for the bulls as a move above meant a bullish reversal of the market structure in the fourth half.

The Relative Strength Index (RSI) showed strong upward momentum with a reading of 58, while On-Balance Volume (OBV) has moved much higher over the past week. It was unclear whether this could last as the $0.513-$0.55 region (red box) was a bearish order block on the 1-day chart.

See also  XRP poised to overtake Bitcoin as Altcoin season heats up

Therefore, the chances of a bearish reversal increased when the price was within this region. Buyers can remain cautious and wait for a clear move beyond $0.55 to take a high probability long trade. In the meantime, sellers can wait for a structural shift to fall short in a shorter time frame.

Market sentiment has been in favor of buyers as demand for XRP continues

XRP bulls are driving prices above $0.5, demand for the token continues to rise

Source: Coinalyse

Over the past week, the price of XRP has surged higher. The one-hour chart of Coinalyse showed that the Open Interest (OI) also showed an upward trend, especially after September 18. The Spot Cumulative Volume Delta (CVD) also recorded big bumps that pushed it higher over the past ten days, highlighting demand in the spot market.


Realistic or not, here is the market cap of XRP in terms of BTC


A move below $0.5066 would be the first sign that a short trade was viable. Traders can also look for Bitcoin to drop below $26.6k. However, the available evidence showed that XRP would likely see more gains and that bulls would likely be rewarded for their conviction.

Source link

Bullish dictate future Key level Push Remains XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Scalable L1 Power Meme -Munten

2025-05-18

Cardano traders, is it time to rotate in the $ 0.78 dipzone from Ada? – Judgement …

2025-05-18

Has Bitcoin Bull returned? Daily RSI only shows mild bullish momentum

2025-05-18

Chain link in the fog – a reversal of $ 15.85 can free the path

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Conflux Token (CFX) pulls back after 39% gain in seven days

2023-05-21

Ripple News: XRP Relisted on Prominent Canadian Exchange BitBuy

2023-07-13

BTC will be $_______ at the end of September

2024-05-08
Editors Picks

Bitcoin Rally may not be at the top yet, here’s why

2023-05-03

XRP Rebound gets grip when bulls strive to keep the momentum

2025-01-28

Bitcoin price could rebound back to $107,000 if this key level is broken

2024-12-24

Bankrupt Celsius Will Convert Altcoins To BTC, ETH Starting Tomorrow! Will LTC and BCH prices fall after recent increase

2023-06-30
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin -price could prepare for a new wave of volatility – this is why

Scalable L1 Power Meme -Munten

Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$105,289.002.06%
  • ethereumEthereum(ETH)$2,563.653.15%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.433.50%
  • binancecoinBNB(BNB)$651.681.41%
  • solanaSolana(SOL)$174.523.88%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2304176.45%
  • cardanoCardano(ADA)$0.771.98%
  • tronTRON(TRX)$0.2739971.10%
  • suiSui(SUI)$3.974.71%
  • chainlinkChainlink(LINK)$16.185.01%
  • avalanche-2Avalanche(AVAX)$23.644.11%
  • stellarStellar(XLM)$0.2952582.78%
  • hyperliquidHyperliquid(HYPE)$27.283.32%
  • shiba-inuShiba Inu(SHIB)$0.0000155.66%
  • hedera-hashgraphHedera(HBAR)$0.1981973.43%
  • bitcoin-cashBitcoin Cash(BCH)$404.673.05%
  • unus-sed-leoUNUS SED LEO(LEO)$8.71-2.97%
  • the-open-networkToncoin(TON)$3.152.26%
  • polkadotPolkadot(DOT)$4.853.43%
  • litecoinLitecoin(LTC)$99.991.76%
  • moneroMonero(XMR)$342.742.01%
  • bitget-tokenBitget Token(BGB)$5.297.03%
  • pepePepe(PEPE)$0.00001410.42%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.746.11%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.215.88%
  • bittensorBittensor(TAO)$434.332.64%
  • nearNEAR Protocol(NEAR)$2.916.46%
  • aaveAave(AAVE)$234.494.49%
  • aptosAptos(APT)$5.282.43%
  • okbOKB(OKB)$53.591.21%
  • ondo-financeOndo(ONDO)$0.964.33%
  • kaspaKaspa(KAS)$0.1155191.63%
  • internet-computerInternet Computer(ICP)$5.373.11%
  • ethereum-classicEthereum Classic(ETC)$18.862.81%
  • crypto-com-chainCronos(CRO)$0.1006532.65%
  • gatechain-tokenGateToken(GT)$21.741.20%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.280.44%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2433934.80%
  • mantleMantle(MNT)$0.751.97%
  • vechainVeChain(VET)$0.0290804.16%
  • render-tokenRender(RENDER)$4.784.53%
  • ethenaEthena(ENA)$0.4000249.96%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • algorandAlgorand(ALGO)$0.2288154.97%
  • filecoinFilecoin(FIL)$2.944.76%
  • cosmosCosmos(ATOM)$5.025.03%
  • bitcoinBitcoin(BTC)$105,289.002.06%
  • ethereumEthereum(ETH)$2,563.653.15%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.433.50%
  • binancecoinBNB(BNB)$651.681.41%
  • solanaSolana(SOL)$174.523.88%
  • usd-coinUSDC(USDC)$1.000.03%
  • dogecoinDogecoin(DOGE)$0.2304176.45%
  • cardanoCardano(ADA)$0.771.98%
  • tronTRON(TRX)$0.2739971.10%
  • suiSui(SUI)$3.974.71%
  • chainlinkChainlink(LINK)$16.185.01%
  • avalanche-2Avalanche(AVAX)$23.644.11%
  • stellarStellar(XLM)$0.2952582.78%
  • hyperliquidHyperliquid(HYPE)$27.283.32%
  • shiba-inuShiba Inu(SHIB)$0.0000155.66%
  • hedera-hashgraphHedera(HBAR)$0.1981973.43%
  • bitcoin-cashBitcoin Cash(BCH)$404.673.05%
  • unus-sed-leoUNUS SED LEO(LEO)$8.71-2.97%
  • the-open-networkToncoin(TON)$3.152.26%
  • polkadotPolkadot(DOT)$4.853.43%
  • litecoinLitecoin(LTC)$99.991.76%
  • moneroMonero(XMR)$342.742.01%
  • bitget-tokenBitget Token(BGB)$5.297.03%
  • pepePepe(PEPE)$0.00001410.42%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.746.11%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • uniswapUniswap(UNI)$6.215.88%
  • bittensorBittensor(TAO)$434.332.64%
  • nearNEAR Protocol(NEAR)$2.916.46%
  • aaveAave(AAVE)$234.494.49%
  • aptosAptos(APT)$5.282.43%
  • okbOKB(OKB)$53.591.21%
  • ondo-financeOndo(ONDO)$0.964.33%
  • kaspaKaspa(KAS)$0.1155191.63%
  • internet-computerInternet Computer(ICP)$5.373.11%
  • ethereum-classicEthereum Classic(ETC)$18.862.81%
  • crypto-com-chainCronos(CRO)$0.1006532.65%
  • gatechain-tokenGateToken(GT)$21.741.20%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.280.44%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2433934.80%
  • mantleMantle(MNT)$0.751.97%
  • vechainVeChain(VET)$0.0290804.16%
  • render-tokenRender(RENDER)$4.784.53%
  • ethenaEthena(ENA)$0.4000249.96%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • algorandAlgorand(ALGO)$0.2288154.97%
  • filecoinFilecoin(FIL)$2.944.76%
  • cosmosCosmos(ATOM)$5.025.03%