Ripple Price Analysis — September 16

Ripple is in an upbeat mood on Friday after suffering a minor setback following bearish reactions to the Ethereum Merge. The cryptocurrency is now on the verge of reclaiming the $0.3400 mark, as trading volume sees a minor facelift. This bullish move comes after a solid defense of the $0.3200 critical support by bulls, which should spur a rally near $0.3600 over the coming days.

The main target level for XRP bulls is the $0.3600 resistance, followed by the $0.3800 mark, which — if broken — could open the doors for an aggressive bullish rally for the cryptocurrency.

In the meantime, bulls need to secure a daily candle close above $0.3400 to lock on the bullish momentum for the weekend.

Meanwhile, my resistance levels are $0.3400, $0.3500, and $0.3600, and my support levels are $0.3300, $0.3200, and $0.3100.

Total Market Capitalization: $949.1 billion

Ripple Market Capitalization: $16.8 billion

Ripple Dominance: 1.77%

Market Rank: #7