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The weekend has started with a market correction as <a href="https://u.today/binance-coin-bnb-price-analysis-for-october-27" rel="noopener noreferrer nofollow">most of the coins</a> are in the red zone. <img data-entity-type="file" data-entity-uuid="de940c86-7c1f-44ad-b62a-dc3c215f6df7" src="https://u.today/sites/default/files/inline-images/top10_739.png">Top coins by <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
<h2 class="text-align-justify" id="xrp-usd">XRP/USD</h2>
The rate of XRP has gone down by 1.21% since yesterday. <img data-entity-type="file" data-entity-uuid="2a4f04bf-9d2d-41a3-b758-909701b9bc47" src="https://u.today/sites/default/files/inline-images/xrp1_105.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the hourly chart, the price of XRP is in the middle of the local channel. At the moment, neither buyers nor sellers are dominating. However, if the rate returns to $0.55, the growth may continue to the $0.556 zone tomorrow. <img data-entity-type="file" data-entity-uuid="51c79177-f3f6-472d-af42-3139a256b6ca" src="https://u.today/sites/default/files/inline-images/xrp2_100.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a>
On the daily time frame, the rate of XRP is more bearish than bullish as the price is about to return to the recently tested support level of $0.536.
If that happens, there is a high chance of a breakout followed by a continued correction to the $0.53 area. <img data-entity-type="file" data-entity-uuid="cc590a5f-8de4-45b5-962d-d9316e1e4e4e" src="https://u.today/sites/default/files/inline-images/xrp3_95.png">Image by&nbsp;<a href="https://www.tradingview.com/symbols/XRPUSD" rel="noopener noreferrer nofollow">TradingView</a>
From the midterm point of view, the candle might close below the level of $0.5491. In this case, traders are unlikely to see an upward move next week. Meanwhile, bears might seize the initiative, which can lead to a drop to the $0.53-$0.53 range.
XRP is trading at $0.5460 at press time.

XRP Price Analysis for October 28

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