XRP Price Prediction for October 3

Most of the coins remain under sellers’ pressure, according to CoinMarketCap.

XRP/USD

XRP is one of the biggest losers today, falling by 11.16%.

On the hourly chart, the rate of XRP might have found a local support level of $0.5107. If the daily bar closes far from it, one can expect a bounce back to the $0.54 zone by tomorrow.

On the bigger time frame, the price of XRP has almost touched the support of $0.5026. However, if bears’ pressure continues, traders may witness a support breakout, followed by a move to the $0.48-$0.49 range.

From the midterm point of view, one should pay attention to the weekly candle closure.

If it happens near current prices, the accumulated energy might be enough for a sharp drop to $0.45.

XRP is trading at $0.5249 at press time.

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