XRP, Uniswap, Filecoin Price Analysis: 27 September

Mixed trading patterns were seen across the broader crypto space, with some coins rallying and others plunging substantially. XRP, for instance, was trading laterally with a gain of 0.5% and with a sustained increase in its price it could trade over a dollar at around the price ceiling of $1.04.

On the other hand, Uniswap recorded a 19.6% increase over the last 24 hours and remaining as one of the top ten gainers. Filecoin, however, lost a considerable 10.5% of its value and was trading at an almost multi-month low. 

XRP

XRP was trading laterally over the last 24 hours, it noted a 0.5% increase in its price. The altcoin was valued at $0.95. If XRP gradually moves up, it could manage to trade over a dollar mark, near its resistance line of $1.04 and then revisit the price ceiling of $1.14. On the four-hour chart, XRP’s price managed to rest above the 20-SMA, indicating that price momentum was in favour of the buyers. 

The Relative Strength Index was above the half-line, an induction that buying strength existed. MACD also depicted the presence of green bars on its histogram. Awesome Oscillator flashed small green signal bars. 

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It is imperative that XRP breaks its consolidation soon and reaches its immediate resistance level, else a price fall could be anticipated. This fall could drag down prices to support the line of $0.87 and then at $0.81. 

Uniswap (UNI)

UNI/USD, TradingView

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Uniswap noted a rally as it soared by 19.6% over the last 24 hours and was trading at $24.36. This is the highest price mark UNI traded for in a week’s time. Overhead resistance awaited the coin at $25.47. Breaking over the same, other price ceilings stood at $28.26 and then at $31.20. Key technicals for the coin remained bullish. On the four-hour, 20-SMA, the price of the altcoin was parked above it. This reading signified that price momentum was now in favour of the buyers. 

The Relative Strength Index stood underneath the 75-mark which indicated increased buying strength in the market. MACD also flashed green histograms. Chaikin Money Flow was also bullish as capital inflows had increased over the past trading sessions. 

A negative pullback can be anticipated, in the case of which UNI would fall to the support line of $21.70 and then to $18.87. 

Filecoin (FIL)

FIL/USD, TradingView

Filecoin was trading at $61.82 after it plunged by 10.5% over the last 24 hours. At this price level, FIL was trading at an almost two-month low price. The support region for the stood between $55.85 and $46.55 price levels respectively. Over the last 24 hours, Filecoin reached the oversold region, however, it made a recovery. Despite the recovery, the technicals were still bearish. 

The Relative Strength Index was below the 50-mark which signified that buying strength was still low in the market. MACD flashed green bars on its histogram that indicated that prices could see a reversal over the upcoming trading sessions. Bollinger Bands constricted pointing towards that price volatility would remain low. 

In case of a rise in price, FIL’s first resistance stood at $65.80 and then at $74.65. On week high price for FIL was at $81.68.