Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• XRP reversed its gains from the second leg of recovery. 
• The long-term price trend flipped negative.

Ripple [XRP] sellers gained more market leverage at the end of September. Sellers pushed XRP below $0.513 from $0.548. The drop saw sellers accrue over 6% of shorting gains based on the press time value of $0.507.

Is your portfolio green? Check out the XRP Profit Calculator 

Meanwhile, Bitcoin [BTC] faltered at the range-high of $28.3k, further emboldening XRP sellers. 

The focus now shifts to whether BTC can defend the mid-range near $27.1k to confirm whether a rebound or pullback extension is likely.  

What’s XRP’s possible short-term price projection?

In a previous XRP price analysis, AMBCrypto projected that the daily bearish order block (OB) at $0.54 could derail bullish efforts. The prediction was validated, tipping sellers to gain more edge on the lower timeframe. 

In the 4-hour timeframe, the extended pullback breached the $0.5130 level. The move could encourage sellers to extend gains to the H12 bullish OB of $0.489 – $0.500 (cyan). 

So, if XRP fails to reclaim $0.513, near-term bulls could mark the bullish OB of $0.489 – $0.500 (cyan) as the key interest level. Th

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Author: Benjamin Njiri

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