The price of Ripple's XRP cryptocurrency is consolidating after a drop on October 3rd. It is currently trading in a narrow range between $0.50 and $0.56. If the price breaks above $0.56, it will resume a positive trend and may reach its previous high of $0.65. However, if it drops below the 21-day SMA, it could return to its low of $0.50. The moving average lines on the daily chart are horizontal with a bearish crossover, but the negative signal has ended above the $0.50 support. The 4-hour chart shows a slight uptrend, but the current fluctuation range is expected to continue for a few more days.
- Content Editor ( coinidol.com )
- 2024-10-22
XRP Remains Stable Above $0.50 As Traders Are Unsettled