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XRP Falls 3% to $1.31, Below Friday's 100-Day and 200-Day EMAs

The $1.38 October target depended on XRP holding the $1.3389 100-day EMA recorded Friday.

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A silver token rests beneath two parallel brass bars / TokenPost.ai
A silver token rests beneath two parallel brass bars / TokenPost.ai

XRP fell 3.03% to $1.31 by 7:54 a.m. ET Saturday, Oct. 17 (11:54 UTC), below the $1.3389 100-day EMA and $1.3780 200-day EMA; the $1.38 October target was conditional on holding the 100-day EMA.

The 24-hour range ran from $1.29 to $1.35. At $1.31, XRP was below the $1.3389 100-day exponential moving average (EMA) and the $1.3780 200-day EMA.

The $1.35 range high was above the $1.3389 100-day EMA but below the $1.3780 200-day EMA. Support was $1.25 and resistance was $1.43. The $1.38 October target was conditional on XRP holding the $1.3389 100-day EMA, and the period low of $1.29 remained above $1.25 support.

Both EMA readings are from Friday and do not establish Saturday's levels. The latest snapshot shows XRP below both averages, but does not establish the Oct. 17 EMA readings or whether the target condition was evaluated against an updated average.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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