Ripple (XRP) Price Can’t Hold $0.50: What’s Next? October 10 Current XRP Analysis!

• Ripple has broken the floor of the short-term rising trend channel, indicating initially weaker upward momentum. The currency is testing the support at $0.50.
• The currency has received a negative signal from the moving average indicator, suggesting a continued decline. The currency is currently trading between the support at $0.48 and the resistance at $0.54.
• The current XRP price is $0.496737, with a 24-hour trading volume of $682,699,383. XRP has experienced a 0.77% decrease in the last 24 hours.

Ripple (XRP) price struggles to hold the critical $0.50 support: Will the drop deepen? October 10 XRP price analysis!

Short-Term XRP Analysis

Ripple has broken the floor of the short-term rising trend channel, indicating initially weaker upward momentum. The currency is testing the support at $0.50. This could trigger a positive response, but dropping below $0.50 would signal a negative trend. Positive volume balance strengthens the currency in the short term. The currency is generally considered technically positive in the short term.

Medium-Term XRP Analysis

Ripple has broken the floor of the medium to long-term descending trend channel, indicating initially weaker upward momentum. The currency has received a negative signal from the moving average indicator, suggesting a continued decline. The currency is currently trading between the support at $0.48 and the resistance at $0.54. A decisive break above or below these levels will indicate the new direction for the currency. Positive volume balance strengthens the currency in the short term. The currency is generally considered technically slightly positive in the medium term.

Long-Term XRP Analysis

Ripple is showing strong development within the long-term rising trend channel. Rising trends indicate positive developments for the currency and increased buying interest among investors. After reaching the target of $0.74 following the breakout of the double bottom formation, the price retraced. Breaking above $0.53 will provide new positive signals for the currency, while a breakout on the opposite side of the formation will be a strong negative signal.

The currency has slightly broken the support at $0.52. This established breakout forecasts further decline. Positive volume balance indicates that volume is higher on rising price days compared to falling price days, indicating increased optimism among investors. The currency is generally considered technically slightly positive in the long term.

XRP Price

The current XRP price is $0.496737, with a 24-hour trading volume of $682,699,383. XRP has experienced a 0.77% decrease in the last 24 hours. According to the current CoinMarketCap ranking, XRP holds the 5th position with a market capitalization of $26,519,470,049. There are 53,387,299,665 XRP tokens in circulation, and the maximum supply is not available.