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100 Million XRP Moved to Ripple as Price Readies New Move

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XRP targets next major move

Largely, the XRP price fluctuated between $0.436 and $0.558 in recent weeks. After four days of positive price action, the XRP price recovered to a high of $0.508 on Sept. 15. On the upside, the daily MA 200 barrier at $0.517 remains a key level to watch going forward in the short term.

If buyers push the price above the MA 200, it might imply that selling pressure is easing. This might spark a strong rally targeting the overhead barrier of $0.56. This level may once again pose a stumbling obstacle.If the price falls below $0.56, it might suggest that range-bound price activity may continue for a little longer. The next major move might commence in either of these scenarios: if the XRP price sustains above $0.56 or if there is a drop in the XRP price below $0.41.

 

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