XRP's Loss of $1.30 Ahead of the US Midterms Leaves It Eyeing $0.99, What's Next?
XRP fell 16% in October as Bitcoin losses and leveraged selling pushed the token below key technical levels, analysts said.
- Trading around $1.25, XRP remains below its 20-day average of $1.31, 50-day average of $1.39, and 200-day average of $1.28. The cryptocurrency fell 16% in October, underperforming Bitcoin's 7.3% decline.
- Shared margin accounts and exchanges mean XRP's price often mimics Bitcoin, leading to synchronized movements. Over the past 90 days, the assets maintained a strong 0.89 correlation, causing large traders to sell both simultaneously during downturns.
- U.S. spot XRP ETFs attracted fresh investment despite price declines, ending October with $18.83 million in net inflows. Bitwise led with approximately $682 million in cumulative inflows, while Franklin Templeton's XRPZ and Canary Capital's XRPC followed with $524 million and $485 million, respectively.
- With the Moving Average Convergence Divergence line at-0.0372, technical indicators suggest bearish momentum. XRP's immediate support sits at $1.20, and a daily close above its $1.31 20-day average could signal the October selling pressure has ended.
- Crypto analyst Carolina identified potential long-term targets of $1.50 and $3.50, though she cautioned that reaching higher prices requires stronger trading volume and fresh capital. Historical trends show seven of 13 Novembers between 2013 and 2025 ended in losses.
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XRP Price Could Repeat Its 71% Rally as Bollinger Bands Tighten to
XRP price has settled near $1.25 after a sharp decline in late October. The altcoin’s four-hour Bollinger Bands have narrowed to their tightest reading since August, when a similar squeeze came before a 71% rally in three days. Crypto analyst Ali Martinez has identified $1.27 and $1.23 as the key prices to watch. …
XRP Price Hints At Strong Breakout As Bollinger Bands Narrow
XRP is showing signs of a potential volatility breakout after its four-hour Bollinger Bands tightened to their narrowest levels since August. An earlier squeeze preceded a 71% rally, but XRP’s position below key daily EMAs and lower open interest suggest traders may need further confirmation before expecting another major move.
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