The 3rd largest cryptocurrency, XRP, the native currency of XRP Ledger, is now gearing up for bullish momentum. At press time, XRP is trading at $ 3.0197 after reclaiming its momentum after weeks is showing a comeback in September to bullish momentum
According to the data from trading view 50 day moving average is now at $2.96 now acting as a solid support.if XRP can push above the 200 day moving average (above $3.02-$3.03) the coin can open the path upwards to $3.20-$3.40 in the short term.a break out above $3.50 might be the start of a strong rally.
RSI is at 55.45, which reflects a neutral attitude to the bullish zone. After staying near 40 level, RSI bounced, signaling the buying pressure. RSI bounce underlines what MACD has suggested. XRP is regaining its place above the $2.95 support level. There might be a strong chance to see a bounce in the short term.
XRP is showing early signs of a bullish spark in September. The MACD crossover and the RSI are above 55, which indicates a fresh buying momentum. while price keeps steady above the $2.95 support level. With resistance at $3.20–$3.40. XRP looks ready for another upward push.
XRP’s community remains positive with 88% of traders voting bullish. there are only 12% people thinking the opposite. This strong sentiment reflects the growing confidence in XRP’s recovery. The technical charts also support signals pointing to further upside in September.
XRP has started September with an 8.89%bounce, which echoes the past unrelenting performances in 2023 (with 10.42% of gain and 2022 46.2% of gain. History points to September as this month often favors gains. The bullish technical signals are now in play, and XRP could aim for the $3.20 to $3.50 range if buyers maintain momentum.
According to the crypto analyst who goes by the username DUSTYBUSY, the liquidity sweep in crypto is right after XRP reaches a resistance. It is the time when traders get trapped chasing the momentum. That blue arrow signals a possible bullish continuation, but the author shares his concern about the price dropping as the market is highly volatile.
