XRP price prediction – Why swing traders should keep an eye on $1.45

Key Takeaways

• XRP's price prediction is bullish, with a focus on the $1.45 local support.
• A bullish breakout past $1.55-$1.57 could offer a buying opportunity.
• Traders can look to buy in case of a failed breakdown below the $1.45 range low.

Market & Token Impact

• XRP's price has been stuck below the mid-range resistance at $1.55 for the past ten days.
• The 1-month liquidation heatmap highlighted $1.44 and $1.57 as the closest magnetic zones that could influence price movement.
• The higher timeframe structure suggested that the next move would likely be bullish.

Broader Context & What's Next

• The XRP ETFs have seen positive monthly net flows for six months now.
• However, the 90-day Futures taker CVD has been negative for over a month now.
• The high network activity in August helped drive XRP prices up, but exchange reserves were also on the rise.
• The bullish momentum in August was accompanied by a swing structure break that shifted the trend upward.
• The CMF reached a peak of +0.29 but has since slumped to negative territory.
• The RSI remained above neutral 50 to indicate bullish momentum was in place, and the OBV was also in an uptrend since August but has seen a pullback over the past two weeks.
• The $1.54 high from February was breached relatively recently, and the buyers have held on to the $1.45 local support.
• The next move is likely to be bullish, with traders advised to look to buy in case of a failed breakdown below the $1.45 range low.
• A bullish breakout past $1.55-$1.57 could also offer a buying opportunity.
• The article suggests that the price breaking out of the short-term range that extends from $1.45 to $1.65 is crucial for the XRP price prediction.