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XRP Price Analysis for October 29

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Sat, 29/10/2022 - 9:39
XRP Price Analysis for October 29
Cover image via www.tradingview.com

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Bulls keep dominating as all the top 10 coins are in the green zone.

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Top coins by CoinMarketCap

XRP/USD

XRP is following the rise of other coins, growing by 2.09%.

XRP/USD chart by TradingView

On the hourly chart, Saturday has started with a false breakout of the $0.47047 level. If buyers hold the initiative, the rise may continue to the $0.4850 mark until the end of the day.

XRP/USD chart by TradingView

On the daily chart, XRP has started to rise after being in an accumulation phase for quite a long time.

Related
Bitcoin (BTC) Price Analysis for October 27

At the moment, one needs to pay attention to the $0.48211 mark. If the bar closes around it, the sharp rise may lead to the resistance zone at $0.50.

XRP/BTC chart by TradingView

Analyzing the chart against Bitcoin (BTC), XRP might need more energy as the price keeps trading sideways against the low volume. If the rate gets to the BTC 0.00002320 mark, the altcoin might start rising faster than the leading cryptocurrency.

XRP is trading at $0.47839 at press time.

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