XRP Price Prediction: Why The Bulls Could Protect This Crucial Support

Name	Symbol	Market	Market Cap ($)	Algorithm
Ripple	XRPUSD	Crypto	28,386,838,794	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ripple

XRPUSD

Crypto

28,386,838,794

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.0029	0.56%	0.5209	0.5207	0.5209

Price Change

Price Change %

Current Price

Bid Price

Offer

0.0029

0.56%

0.5209

0.5207

0.5209

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.523	0.51564	0.5184	0.518	0.399480 - 0.950000

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.523

0.51564

0.5184

0.518

0.399480 - 0.950000

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	05:55:29	20.25	0.5209	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

05:55:29

20.25

0.5209

USD

Price x Volume	Volume	Base Symbol	Related Pairs
4,077,207.27	7,846,102.16	XRP	XRPEUR	XRPGBP	XRPBTC

Price x Volume

Volume

Base Symbol

Related Pairs

4,077,207.27

7,846,102.16

XRP Price Prediction: Why The Bulls Could Protect This Crucial Support

10/11/2022 5:28am

NEWSBTC

XRP price started a major decline from the $0.50 resistance against the US Dollar. The recent collapse of FTX and FTT sparked a sharp move towards the $0.32 support. Ripple is down over 15% and there was a drop below the $0.40 support against the US dollar. The price is trading well below $0.4000 and the 100-day simple moving average. There was a break below a major contracting triangle with support at $0.455 on the daily chart of the XRP/USD pair (data source from Kraken). The pair could start a recovery wave if the bulls remain active near the $0.32 support. Ripple’s XRP Price Tests Key Support In the past 3-4 days, the crypto market saw a major decline. Bitcoin, ethereum, ftt, bnb, and sol saw a substantial decline. Ripple’s XRP price also faced the heat and declined heavily from the $0.50 resistance zone. There was a clear move below the $0.450 and $0.40 support levels. Besides, there was a break below a major contracting triangle with support at $0.455 on the daily chart of the XRP/USD pair. The pair dropped below the $0.350 support and tested a crucial support at $0.320. A low is formed near the $0.320 level and the price is now consolidating losses. XRP is now trading well below $0.4000 and the 100-day simple moving average. An immediate resistance is near the $0.3650 level. It is close to the 23.6% Fib retracement level of the downward move from the $0.5099 swing high to $0.3200 low. The first major resistance is seen near the $0.380 level, above which the price might recover towards the $0.415 level and the 100-day simple moving average. Source: XRPUSD on TradingView.com The 50% Fib retracement level of the downward move from the $0.5099 swing high to $0.3200 low is also near $0.415. A clear break above the $0.415 resistance could open the doors for a sharp increase towards the $0.5000 resistance. The next major resistance above the $0.5000 level could be near the $0.5200 level. Dips Supported? If ripple fails to clear the $0.380 resistance, it could start a fresh decline. An initial support on the downside is near the $0.3400 level. The main support could be near the $0.3200 level or the $0.3000 zone. If the price fails to stay above $0.3000, it could start another major decline. Technical Indicators Daily MACD – The MACD for XRP/USD is now losing momentum in the bearish zone. Daily RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.3400, $0.3200 and $0.3000. Major Resistance Levels – $0.3650, $0.3800 and $0.4150.

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

XRPUSD Ripple