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<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/will-xrp-price-see-a-relief-rally-in-october-heres-what-traders-can-expect/">Will XRP Price See a Relief Rally in October? Here’s What You Can Expect</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The crypto market has shown signs of weakness in recent weeks, with Bitcoin falling from $27,000 to $26,000. This has had a ripple effect on the altcoin market, particularly impacting <a href="https://coinpedia.org/information/market-price-prediction-ethereum-2019/">Ethereum (ETH)</a> and XRP.</p> 
<p>On both daily and weekly time frames, the <a href="https://coinpedia.org/price-prediction/xrp-ripple-price-prediction/">XRP price</a> is showing a bearish pattern, having retested the resistance zone ranging from 52 cents to 54 cents. Additionally, XRP is on the verge of a potential daily death cross between the 50 and 200 Moving Averages (MA), which could give momentum to the bears.</p> 
<p>Consequently, XRP bulls may need support and a potential rebound between $0.39 to $0.46.</p> 
<p class="has-text-align-center"><img decoding="async" width="624" height="264" src="https://lh5.googleusercontent.com/stw0Yf2esSNxzsnBrdoMgEigD4D4Y8Xvi2iMPB9ZaN27HCibMwft6R6mt9GI11mGl-s69sIZ0bNos8kPM95EtDZUOdCWqpiS94eVaMN5jRvyQurMNq3UVg_XyA-yzXbjtjExXL-gv57CsXZxvvioxc8"></p> 
<h2 class="wp-block-heading" id="h-xrp-s-technical-analysis">XRP’s Technical Analysis</h2> 
<p>From a technical perspective, XRP’s price has traded in a horizontal zone between 46 and 55 cents. The recent correction in XRP’s price has erased the gains made after the July summary judgment, and this short-term uncertainty could lead to further corrections.</p> 
<p>However, investors will be closely watching this week’s close as September, historically a bearish month for altcoins, draws to a close. Additionally, optimism for a more bullish sentiment in the crypto market in October may offer a possible relief rally for XRP.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/ripple-price-prediction-heres-when-xrp-price-may-hit-new-all-time-high-ath/">Ripple Price Prediction: Here’s When XRP Price May Hit New All-Time High (ATH)</a></p> 
<h2 class="wp-block-heading" id="ripple-stands-strong">Ripple Stands Strong</h2> 
<p>In terms of the road ahead, notable cryptocurrency analyst Cheeky Crypto’s Chris recently shed light on Ripple’s <a href="https://coinpedia.org/crypto-live-news/ripplex-introduces-new-amm-and-clawback-features-for-xrpl/">XRPL</a> network developments in a YouTube video. These efforts, in collaboration with Ripple’s partners, have undoubtedly reassured many investors.</p> 
<p>Furthermore, XRP’s daily average trading volume remains robust amidst the backdrop of rising open interest markets. This resilience in trading activity reinforces the faith of the XRP community in Ripple’s long-term prospects, particularly following its significant legal victory in the summary judgment.</p> 
<p>Read More: <a href="https://coinpedia.org/news/ripple-news-1988-patent-suggests-xrp-ledgers-early-roots-crypto-influencer-max-keiser-slams-xrp/">Was the XRP Ledger Centralized from the Start? Ripple Community Debates</a></p> 
<p>As uncertainty looms, one thing remains certain – the crypto community will be closely watching XRP and further developments.</p> 
<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio">
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Will XRP Price See a Relief Rally in October? Here’s What You Can Expect

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