Momentum

Resistance

<p style="text-align: left;">Despite a strong performance last weekend, XRP could not stop the current correction.</p>
<p><strong>Key Support levels: $0.54</strong></p>
<p><strong>Key Resistance levels: $0.68</strong></p>
<h2 id="1-price-makes-a-u-turn">1. Price Makes a U-turn</h2>
<p>After sitting for a brief period at 66 cents, XRP’s price made a sharp U-turn and lost most of its gains from late September. This brings it back to its starting position. Buyers were simply unable to handle the pressure from the overall market that turned bearish this week.</p>
<figure id="attachment_363857" aria-describedby="caption-attachment-363857" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-42-17.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a>
 <figcaption id="caption-attachment-363857" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="2-sellers-are-back">2. Sellers are Back</h2>
<p>This drop in price means that the optimism from a few days ago is gone. Buy volume crashed, and with it the hopes of higher price levels. The most important resistance remains at 68 cents, and the key support remains at 54 cents. Hopefully, XRP can work its way up above 60 cents again soon.</p>
<figure id="attachment_363863" aria-describedby="caption-attachment-363863" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-42-37.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-363863" src="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-42-37.png" alt="XRPUSDT_2024-10-02_18-42-37" width="2425" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-42-37.png 2425w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-42-37-300x147.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-42-37-1024x502.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-42-37-768x377.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-42-37-1536x754.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-42-37-2048x1005.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-42-37-50x25.png 50w" sizes="(max-width: 2425px) 100vw, 2425px"></a>
 <figcaption id="caption-attachment-363863" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<h2 id="3-loss-of-momentum">3. Loss of Momentum</h2>
<p>This price action is also reflected on the daily MACD, which shows that the moving averages are about to make a bearish cross. The histogram has also been making lower highs for the past four days, favoring sellers at the time of this post.</p>
<figure id="attachment_363862" aria-describedby="caption-attachment-363862" style="width: 100%" class="wp-caption aligncenter"><a href="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-43-06.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img class="size-full wp-image-363862" src="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-43-06.png" alt="XRPUSDT_2024-10-02_18-43-06" width="2424" height="1190" srcset="https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-43-06.png 2424w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-43-06-300x147.png 300w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-43-06-1024x503.png 1024w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-43-06-768x377.png 768w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-43-06-1536x754.png 1536w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-43-06-2048x1005.png 2048w, https://cryptopotato.com/wp-content/uploads/2024/10/XRPUSDT_2024-10-02_18-43-06-50x25.png 50w" sizes="(max-width: 2424px) 100vw, 2424px"></a>
 <figcaption id="caption-attachment-363862" class="wp-caption-text">
  Chart by TradingView
 </figcaption>
</figure>
<p>The post <a href="https://cryptopotato.com/ripple-after-the-crash-whats-next-for-the-xrp-price/" rel="noopener noreferrer nofollow">Ripple After the Crash: What’s Next for the XRP Price?</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

Ripple After the Crash: What’s Next for the XRP Price?

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