|

Ripple market update: XRP/USD holding ground above $0.3

  • Ripple embraces intense support at $0.30 as the bulls glance north.
  • Diminishing buying power lost momentum at the 100 SMA 1-hour leaving $0.3150 unconquered.

Ripple bulls are glancing higher following an eventful weekend session. Ripple continuously formed a lower high pattern but intense support at $0.30 had the downside strongly protected.

A brilliant move emanated from the support at $0.30. XRP/USD stepped above the 50 Simple Moving Average (SMA) 1-hour char. However, diminishing buying power lost momentum at the 100 SMA 1-hour leaving $0.3150 unconquered.

At press time, Ripple teeters at $0.3096 following a subtle 0.63% decline on the day. The immediate downside is supported by the 50 SMA while the upside is capped at the longer-term 100 SMA.

Technically, Ripple is poised for a thrust north but nothing sharp and rapid. The Moving Average Convergence (MACD) is almost crossing into the positive. This signalizes a growing bullish moment. Moreover, the Relative Strength Index (RSI) is leveling at 50 after failing to make progress above 60 earlier today.

On the downside, $0.30 remains the tentative support area. Extended declines will find support at $0.29 and $0.28 respectively.

XRP/USD 1-hour chart

Author

John Isige

John Isige

FXStreet

John Isige is a seasoned cryptocurrency journalist and markets analyst committed to delivering high-quality, actionable insights tailored to traders, investors, and crypto enthusiasts. He enjoys deep dives into emerging Web3 tren

More from John Isige
Share:

Editor's Picks

Bitcoin steadies at $82,000: The five forces crushing the Uptober rally

Crypto markets have remained under pressure so far in October, with Bitcoin sliding below $80,000 earlier this week before recovering to around $82,000 on Friday, as macroeconomic headwinds and cooling demand weigh on the market.

Ripple bulls build new support base amid RLUSD payments expansion

Ripple ticks up for the second day in a row on Friday, trading at $1.34. The remittance token holds above medium-term structural support; however, strong supply near $1.40 caps upside. A break above this area would reinforce the bullish grip.

Busy week for Ripple’s RLUSD: What changes for stablecoin holders?

Ripple’s RLUSD is gaining ground across institutional finance, with a major bank launching custody services, a new wallet integration making it easier for developers to build payments and agentic experiences on the network, and a brokerage platform planning to use the stablecoin for settlement.

Bitcoin Weekly Forecast: Macroeconomic headwinds, cooling demand cap BTC gains

Bitcoin extends its correction this week, trading below $82,500 on Friday, as selling pressure continues. Hotter-than-expected US CPI and PPI data point to broader inflation pressures and persistent geopolitical uncertainty, weighing on risk sentiment.

Bitcoin: Macroeconomic headwinds, cooling demand cap BTC gains
Bitcoin (BTC) extends losses this week, trading below $82,500 as of Friday as selling pressure continues. Weakening institutional demand supports this pullback as BTC spot Exchange-Traded Funds (ETFs) are on track to record a two-week withdrawal streak, reaching $146.19 million in net outflows through Thursday.