XRP Holds Near $1.40 as Short-Term Averages Stay Overhead

XRP traded near $1.40 on Oct. 10 while staying below three short-term simple moving averages, leaving a potential $50 long-term scenario dependent on a future technical breakout.

The token was priced at about $1.40 at 12:19 a.m. ET (04:19 UTC), with a 24-hour high of $1.41, a low of $1.38 and a 0.53% gain. XRP remained below its seven-day simple moving average of $1.45, its 20-day average of $1.49 and its 50-day average of $1.43.

XRP stayed above its 200-day simple moving average of $1.28. Immediate resistance stood at $1.42, followed by stronger resistance at $1.44. Support was identified at $1.38, with stronger support at $1.36.

The market setup follows an earlier XRP analysis focused on key support levels, while the latest figures show the token below its shorter-term trend references.

Futures open interest stood at approximately 295.5 million contracts at 3 a.m. ET (07:00 UTC), equivalent to about $407.6 million in notional value and down 0.63% over 24 hours. The eight-hour funding rate was 0.0011%.

Long positions represented 70.8% of tracked Binance accounts, compared with 29.2% for short positions. Top-trader positioning was 73.8% long and 26.2% short.

Analyst Gert van Lagen posted a monthly XRP chart on Oct. 6 showing a multiyear symmetrical triangle with a potential target near $50 and an implied market capitalization of $3 trillion. “Symmetrical triangle targeting ±$50 at a $3T market cap. This would be normal bull market dynamics for Ripple,” van Lagen wrote.

The scenario also links an XRP-to-Bitcoin ratio of 0.00011 with Bitcoin at about $450,000 and XRP near $50. The $50 projection remains a conditional technical scenario rather than an established price trend.