XRP opened trading on October 27 at $1.30, matching its daily pivot point and meeting CoinDCX’s conditional month-end target of $1.30. The cryptocurrency gained 0.96% overnight, with Binance spot volume reaching $91.96 million. CoinDCX had previously stated that holding above $1.25 would keep XRP range-bound, with a $1.30 target by the end of October. Whether this level will act as resistance or a springboard remains unclear.
The technical indicators suggest a mixed outlook. XRP is trading below its 7-day, 20-day, 50-day, EMA 12, and EMA 26 moving averages, with only the 200-day SMA at $1.28 providing support. The Bollinger Bands place XRP in the lower quarter of its range, with the upper band at $1.41 and the lower at $1.26. The RSI stands at 40.27, indicating neutral momentum, while the MACD histogram has zeroed out, suggesting bearish momentum may be exhausting but not yet reversing.
Derivatives data shows Binance futures open interest declined by 4.31% in 24 hours, with a notional value of approximately $390.8 million. The funding rate remains neutral at 0.0100%, and the long/short ratio among Binance’s top traders is 3.8123, with 79.2% holding long positions. The taker buy/sell ratio is nearly balanced at 0.9889, with a slight lean toward selling.
Capital Street FX published a conditional long setup on October 26 with low conviction, targeting $1.3385 or $1.4022 with a stop at $1.2350. The setup’s execution status is unknown. Overall, XRP’s next move remains uncertain, with key resistance at $1.32 and $1.34, and support at $1.28 and $1.26.