XRP Price Prediction For September 24

XRP was trading at $1.50 on Thursday, down 4.5% over 24 hours and up 15.6% over the past week, as a technical analyst who had forecast a deeper decline earlier this year revised his outlook following Bitcoin’s recent strength. A separate near-term analysis, however, points to further weakness before any renewed push higher.

A Revised Forecast

The analyst, who in March had predicted XRP would fall to between $0.70 and $0.90 before marking a cycle low, acknowledged this week that the target was not reached. He said Bitcoin’s price action was the primary reason for the revised view.

Why Bitcoin’s Move Matters

Bitcoin has held above its 50-week moving average for three to four weeks and recently broke past its previous high from May, a pattern the analyst said has historically signaled the end of a bear market in past cycles dating back to 2014. XRP, by contrast, has struggled to reclaim the same technical level over the same period.

Key Levels To Watch

The analyst said XRP’s near-term path now depends heavily on Bitcoin’s next move. A daily close above $1.59 to $1.60 would support a push toward $1.80, with a break above prior wick highs near $1.66 serving as further confirmation. 

He said this scenario is more likely if Bitcoin reclaims $85,000 and advances toward $93,000. A rejection for Bitcoin at $85,000, he said, would likely coincide with XRP failing to hold its own support level and pulling back toward the $1.30 region.