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XRP Price Analysis for October 26

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Wed, 26/10/2022 - 22:00
XRP Price Analysis for October 26
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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Bears could not withstand bulls' pressure, and all of the top 10 coins are rising.

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XRP/USD

XRP could not show such a price blast as some other coins, going up by 3.83%.

XRP/USD chart by TradingView

Despite the growth, the price of XRP is going down after the false breakout of the formed resistance level at $0.46804. If the drop continues to the $0.46 mark, XRP has all the chances to test the support at $0.4565.

XRP/USD chart by TradingView

On the longer time frame, XRP keeps trading sideways as the coin is far away from its vital levels.

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If bulls want XRP to start a midterm rise, they should return the rate to the $0.49-$0.50 zone and fix it there.

XRP/BTC chart by TradingView

Analyzing the chart against Bitcoin (BTC), XRP is looking bearish as the price is again on the way to the support at BTC 0.000022. If the daily candle closes near it or below, it might generate a sharp drop to the BTC 0.000020 zone.

XRP is trading at $0.4638 at press time.

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