XRP showed an 18% rally in early September, rising from $2.70 to $3.18, but then found resistance at $3.20 and fell towards $3. Additionally, it has struggled to stay above the 50-day moving average, creating selling pressure. Despite these challenges, net holder accumulation is observed and certain technical indicators suggest a possible bullish rally long term, which could take the token to levels between $5.00 and $5.50 in Q4.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
XRP showed an 18% rally in early September, rising from $2.70 to $3.18, but then found resistance at $3.20 and fell towards $3. Additionally, it has struggled to stay above the 50-day moving average, creating selling pressure. Despite these challenges, net holder accumulation is observed and certain technical indicators suggest a possible bullish rally long term, which could take the token to levels between $5.00 and $5.50 in Q4.