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XRP Price Analysis for October 19


Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Bears are completely back in the game as all of the top 10 coins are in the red zone.

Top coins by CoinMarketCap


XRP has lost more than some of the top coins, with a fall of 3.54%.

XRP/USD chart by TradingView

On the local time frame, XRP is coming back to the recently formed hourly support level at $0.4535. If buyers cannot seize the initiative, the breakout may lead to a sharp drop to the $0.45 zone soon.

XRP/USD chart by TradingView

On the daily chart, XRP also continues the fall with no reversal signal yet. At the moment, one needs to pay close attention to the $0.45 mark. If the candle closes below it, traders might expect a further drop to the closest level at $0.435.

XRP/BTC chart by TradingView

The chart of XRP against Bitcoin (BTC) shows a similar situation. However, if bulls holds the 0.00002362 BTC level, a false breakout may be a prerequisite for the local correction to the mirror level at 0.000025 until the end of October.

XRP is trading at $0.4450 at press time.


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