Advertisement
AD

Main navigation

XRP Price Analysis for October 28

Advertisement
Sat, 28/10/2023 - 16:47
XRP Price Analysis for October 28
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.

Read U.TODAY on
Google News

The weekend has started with a market correction as most of the coins are in the red zone.

Advertisement
Top coins by CoinMarketCap

XRP/USD

The rate of XRP has gone down by 1.21% since yesterday.

Image by TradingView

On the hourly chart, the price of XRP is in the middle of the local channel. At the moment, neither buyers nor sellers are dominating. However, if the rate returns to $0.55, the growth may continue to the $0.556 zone tomorrow.

Image by TradingView

On the daily time frame, the rate of XRP is more bearish than bullish as the price is about to return to the recently tested support level of $0.536.

Related

If that happens, there is a high chance of a breakout followed by a continued correction to the $0.53 area.

Image by TradingView

From the midterm point of view, the candle might close below the level of $0.5491. In this case, traders are unlikely to see an upward move next week. Meanwhile, bears might seize the initiative, which can lead to a drop to the $0.53-$0.53 range.

XRP is trading at $0.5460 at press time.

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD