Ripple Price Analysis — September 19
After approaching the $0.4000 mark for the first time since late July, XRP suffered a major dump to the $0.3400, effectively erasing bullish efforts recorded over the past few days. The sharp bearish dip comes amid fears of an aggressive rate increase by the US Federal Reserve in its September 21 meeting.
The cryptocurrency regained stability around $0.3400 earlier today and has since posted a 5% recovery. The question now is how will XRP take the ruling by the Fed in its meeting. This is amid the submission of summary judgment filings by Ripple and the SEC.
Meanwhile, my resistance levels are $0.3600, $0.3800, and $0.4000, and my support levels are $0.3500, $0.3400, and $0.3300.
Total Market Capitalization: $926.5 billion
Ripple Market Capitalization: $17.7 billion
Ripple Dominance: 1.91%
Market Rank: #7
The cryptocurrency regained stability around $0.3400 earlier today and has since posted a 5% recovery. The question now is how will XRP take the ruling by the Fed in its meeting. This is amid the submission of summary judgment filings by Ripple and the SEC.
Meanwhile, my resistance levels are $0.3600, $0.3800, and $0.4000, and my support levels are $0.3500, $0.3400, and $0.3300.
Total Market Capitalization: $926.5 billion
Ripple Market Capitalization: $17.7 billion
Ripple Dominance: 1.91%
Market Rank: #7
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