Ripple: Price Analysis, October 29

XRP/USD

After hugging the 20-day EMA for the past few days, Ripple fell today, breaking below both moving averages. Currently, we see some buying at the intraday lows, which is a positive sign.




XRP/USD




The XRP/USD pair has support at $0.37185, which might hold. If this support breaks, the fall can extend to the next support zone of $0.24508–$0.26913.

On the upside, a break out of $0.48 will indicate strength. We might suggest long positions after the digital currency sustains above $0.5. Our outlook on the pair is positive because the 50-day SMA is turning up and the 20-day EMA is flat.

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