XRP Analyst Predicts Major Price Movement in September

In Brief:

• XRP remains below the 50-week EMA, while elevated volatility increases the possibility of a major September price movement for holders.
• Repeated failures around $1.36 weaken short-term momentum, while a confirmed breakdown could expose the 20-week EMA near $1.27 as support.
• Buyers must reclaim $1.50 and secure multiple weekly closes above resistance before XRP can target $1.54, $1.65, and $1.82 confidently.

XRP could experience a major price movement in September as it trades beneath the 50-week exponential moving average. According to ChartNerd, elevated volatility and mounting technical pressure make this resistance level crucial for XRP’s next direction.

The cryptocurrency recently recovered from $0.98 and climbed toward $1.70, demonstrating strong buying pressure. However, sellers defended the 50-week EMA and prevented XRP from securing a weekly breakout.

That rejection carries importance because the indicator has guided XRP’s broader downward trend since January. Moreover, two consecutive weekly closes beneath the barrier have increased the possibility of another correction before a sustained recovery.

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On the four-hour chart, XRP established support around $1.36, while buyers needed to surpass $1.40 to $1.43 before challenging the $1.47 supply wall. However, XRP rejected near $1.42 and fell beneath $1.36 twice, suggesting possible liquidity sweeps alongside weakening short-term momentum.

Additionally, XRP has formed lower highs beneath resistance, while a confirmed breakdown below $1.36 could expose the 20-week EMA around $1.27. That weekly indicator could support another recovery attempt, although losing $1.27 may place the previous $0.98 low back within consideration.

ChartNerd identified $1.54, $1.65, and $1.82 as major resistance levels, with a 50-week EMA breakout improving XRP’s chances of reaching them. Still, one temporary move above resistance would offer limited confirmation because XRP needs multiple weekly closes supported by strong buyer follow-through.

Furthermore, reclaiming $1.50 as support would weaken the case for a deeper retracement, while failure would keep lower levels technically possible. September could become decisive as buyers target the 50-week EMA, while sellers seek a confirmed breakdown below the crucial $1.36 support. This narrowing structure explains ChartNerd’s September forecast, with XRP’s reaction around the weekly indicators determining whether buyers or sellers gain control.

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The post Analyst to XRP Holder: ‘Something Big Is Coming in September’ – Here’s Why appeared first on 36Crypto.