XRP Price Prediction for October 3
10/03/2024 22:51How long will correction of XRP last?
Original U.Today article
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Most of the coins remain under sellers' pressure, according to CoinMarketCap.
XRP/USD
XRP is one of the biggest losers today, falling by 11.16%.
On the hourly chart, the rate of XRP might have found a local support level of $0.5107. If the daily bar closes far from it, one can expect a bounce back to the $0.54 zone by tomorrow.
On the bigger time frame, the price of XRP has almost touched the support of $0.5026. However, if bears' pressure continues, traders may witness a support breakout, followed by a move to the $0.48-$0.49 range.
From the midterm point of view, one should pay attention to the weekly candle closure.
If it happens near current prices, the accumulated energy might be enough for a sharp drop to $0.45.
XRP is trading at $0.5249 at press time.
About the author
Denys Serhiichuk
With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at [email protected].
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