XRP Price Prediction for October 11

Most of the coins are coming back to the green zone, according to CoinMarketCap.

XRP/USD

The rate of XRP has fallen by 0.32% over the last 24 hours.

On the hourly chart, the price of XRP is closer to local resistance than to the support. If the buyers’ pressure continues until the end of the day, one can expect a level breakout, followed by a move to the $0.55 range.

On the bigger time frame, traders should pay attention to the $0.5445 level.

If the daily candle closes above it and with no long wick, the accumulated energy might be enough for a move to the $0.56-$0.57 zone soon.

From the midterm point of view, XRP is far from bouncing back. If the weekly bar closes near the support of $0.5026, there is a chance to see a more profound drop to the $0.48-$0.49 range by the end of the month.

XRP is trading at $0.537 at press time.

Source