Ripple continues to consolidate in the range of $0.425–$0.625. The bulls attempted to break out of this range on September 30, but failed. Nevertheless, as the price has sustained above $0.583, it triggered our buy proposal.
(https://i.imgur.com/B46EwGa.png)
Currently, the price has turned down from the overhead resistance. The 20-day EMA is likely to act as a strong support. If the bears break down of this support, the XRP/USD pair can decline to $0.4255.
The digital currency will pick up momentum above $0.625. As both moving averages are trending up and the RSI is close to the overbought zone, we suggest traders hold their long positions with the SL at $0.42.
Source (https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-dash-price-analysis-october-1)
Ripple is unable to climb above the 20-day EMA, which is a negative sign. It has a minor support at 61.8 percent Fibonacci retracement levels of $0.45832, below which, it can fall to $0.4 and lower.
(https://i.imgur.com/LabcCDG.png)
The short-term moving average has turned flat and the RSI has dipped below 50 levels, showing that there is selling pressure in the near-term. Unless the bulls quickly push the price above the 20-day EMA, a fall to the 50-day SMA is imminent.
The XRP/USD pair will show signs of strength above $0.55 and the uptrend might resume if it sustains above $0.625. Traders should protect their positions with the stops at $0.42.
Source: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-10