Ripple's XRP Holds Ground Above Long-Term Average Amidst Bearish Momentum
XRP is currently trading at $1.4859 after posting a daily decline of 2.02%. Despite being below its short- and medium-term moving averages, it remains above its long-term daily average.
The price movement has been mixed across different timeframes, with some momentum indicators showing bearish signals while others remain neutral.
Ripple's upcoming announcement on October 3 at its Seoul conference is generating interest in new developments and stablecoin gains, but the market remains under selling pressure.