Ripple ($XRP ) price analysis - Cointelegraph Analytics

Irma - Oct 7 - - Dev Community

XRP plunged below the moving averages and the uptrend line on Oct. 2, indicating that the bulls have given up.

The 20-day EMA ($0.57) has started to turn down and the RSI is in the negative zone, indicating that the bears have the edge. Minor support is at $0.50, but if it breaks down, the XRP/USDT pair could drop to $0.46.

On the upside, the bulls will have to drive the price back above the moving averages to signal a comeback. The pair could then attempt a rally to $0.64, which remains the key hurdle for the bulls to cross.

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