Price Analysis

XRP Price Prediction: Major Support Aims For $0.80; Time To Buy?

Published by
XRP Price Prediction: Major Support Aims For $0.80; Time To Buy?

XRP price continues to fall for the second day after a minor pause on Wednesday. The price remains pressured near the vital support area around $60.0. However, the bounce back is still a distant possibility for the XRP buyers.

  • XRP price continues to fall on Friday amid intense selling pressure.
  • The price hovers near the crucial support zone around $0.60, expect a bounce back in the price at least in the short term.
  • However, the downside risk remains intact as the price lost 12% on the weekly basis.

As of writing, XRP/USD is exchanging hands at 4.83% for the day. The 24-hour trading volume of the eighth-largest cryptocurrency is holding at $1,698,644,696 as updated by the CoinMarketCap.

Advertisement

XRP price trades near the support levels

Source: Trading view

On the daily chart, as the price meets the ‘double top’ formation near $0.91 it resulted in a retracement. First on February 9, and next on March 28, however, the retracement found support at around $0.60.

Now, the price consolidates near crucial horizontal support, a sustained buying momentum could push the price higher to recapture the 21-day ema (Exponential Moving Average) at 0.71

A resurgence in the buying order would push the buyer limit toward $0.80.

Source: Trading view

On the weekly chart, an acceptance above the 50-day ema would chase the horizontal resistance line at $1.0.

On the flip side, a failure to hold $0.60 on the weekly basis would invalidate the bullish outlook in the asset. On the lower side, the first downside target could be found at the lows of July at $0.51 followed by the horizontal support level at $0.40.

Advertisement

Technical indicators:

RSI: The relative strength index hovers near the oversold zone below the average line. Currently, it reads at 26.

MACD: The moving average convergence divergence indicates receding bearish momentum while holding below the midline.

Advertisement
Share
Rekha chauhan

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

Polymarket Traders Bet Ethereum Price to Hit $5,000 as Bullish Pattern Forms

Ethereum price rose for five consecutive days, reaching its highest level since Oct. 13. This…

October 27, 2025
  • Price Analysis

Dogecoin Price Prediction As Whales Scoop Over $300 Million- Is A Bull Run Ahead?

Dogecoin price has surged past $0.20, showing signs of a bullish recovery amid a slight…

October 27, 2025
  • Price Analysis

Pi Coin Price Jumps 24% as 10M Tokens Exit Exchanges – Can Bulls Sustain the Momentum?

The Pi coin price has surged by over 24% in the past 24 hours. This…

October 27, 2025
  • Price Analysis

Bitcoin Price Prediction If President Trump Announces Deal with China on October 30th- Can BTC Break $125k?

The Bitcoin price has been recovering steadily amid renewed optimism surrounding the upcoming Trump–Xi meeting…

October 27, 2025
  • Price Analysis

Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump

The Ethereum price remains steady near the $3,900 level after multiple failed attempts to reclaim…

October 25, 2025
  • Price Analysis

Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates

Bitcoin price is hovering around $111,742, reflecting a 0.5% gain in the last 24 hours.…

October 25, 2025