- Moving Averages and MACD indicate bearish momentum for XRP.
- XRP gained 2.49% in September, showing brief recovery.
- A 14.2% dip in October may test support before the next rebound.
One of the best-traded virtual currencies in the market, XRP (XRP), is gaining more attention as investors expect its next big move in October. With demand increasing and investor sentiment improving, many are waiting to observe whether the altcoin will be able to continue its upward movement and initiate another rally during the current month.
Market Outlook: Tracking Trend, Resistance, and Support Levels
XRP (XRP), the native token of Ripple’s payment network, currently holds a market capitalization of around $146.09 billion, securing its place among the top cryptocurrencies, with a 24-hour trading volume of nearly $5.73 billion.
At press time, the altcoin is trading at $2.43, having decreased by 2.11% over the past 24 hours. The price is moving in a bearish trend and is currently testing a resistance level near $2.61. If it breaks above this, the next target could be $3.00. On the downside, the support level is around $2.49. If the altcoin falls below this, we may see a drop towards $2.50.
The blue line indicates the resistance level at $2.61, while the yellow line represents the support level at $2.49.
Also Read: Sui Crypto Meets Its Match: XRP Tundra’s Dual-Token Arctic Architecture
Weak Technical Outlook: MA and MACD Align Bearish for XRP
According to the Moving Average chart, the cryptocurrency is currently experiencing a bearish trend with the moving average indicator above the candles at $2.86. At the same time, the Moving Average Convergence Divergence (MACD) indicates a bearish crossover, suggesting that the price may continue to decrease for awhile.
The signal line above the MACD line indicates a bearish crossover. The blue line represents the MACD line, while the orange line indicates the signal line.
Can XRP Hold Its Momentum After September’s Recovery?
XRP’s 2025 trend so far shows high volatility with alternating months of firm growth and sell-offs. Since a 2.49% increase in September, the altcoin has displayed gentle upward momentum after last month’s 8.15% loss, implying that selling pressure may have weakened. Predictions for October’s 14.2% decline, however, suggest that bullish momentum might falter for the short term as traders take profits following short-lived rallies.
Compared to September’s foretelling of stabilization and buyer re-entry, October’s anticipated drop portends a potential retest of support levels prior to the ensuing upward leg.
Provided that the altcoin can hold its base above critical technical levels, the downturn could represent a setup for renewed buying in anticipation of late 2025, maintaining the medium-term outlook cautiously bullish despite short-term vulnerability.
Also Read: XRP Struggles as Price Falls: Analysts Predict Potential Crash to $2.14
