XRP Price Prediction for October 5

Most of the coins remain in the green zone today, according to CoinStats.

XRP/USD

The rate of XRP has risen by 0.86% since yesterday.

Despite today’s rise, the price of XRP is looking bearish on the hourly chart. If the fall continues, traders may witness a test of the local support of $0.5276.

On the bigger time frame, the rate of the altcoin is trading within yesterday’s candle. If the situation does not change by the end of the day, ongoing consolidation in the narrow range of $0.52-$0.54 is the more likely scenario.

From the midterm point of view, one should pay attention to the weekly bar closure in terms of the support level of $0.5026. If a breakout happens, the accumulated energy might be enough for a move to the $0.45 zone.

XRP is trading at $0.5303 at press time.

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