XRP Trades at $1.32 as Weekly Outlook Sets $1.36 Target

XRP was trading at $1.32 at 3:19 a.m. ET (7:19 UTC) Oct. 19, up 1.64% over 24 hours after moving between $1.26 and $1.32. The price was four cents above $1.28, a level identified as immediate support and the token’s 200-day simple moving average.

A weekly forecast sets a $1.28-to-$1.40 range and a $1.36 target for Oct. 23. Near-term resistance levels are $1.34 and $1.36. Downside support estimates differ: one is $1.24 and another is $1.25.

At 3:37 a.m. ET (7:37 UTC), XRP was below its 12-day exponential moving average at $1.35, 26-day exponential average at $1.39, 20-day simple average at $1.40 and 50-day simple average at $1.41. The Oct. 16 reading for the 200-day exponential average was $1.3780, a different calculation from the $1.28 simple average.

The daily relative strength index was 38.86, the MACD histogram was 0.0000, and stochastic readings were 22.74 for %K and 18.19 for %D.

The latest setup follows earlier coverage of XRP near $1.40, when the token was above its $1.28 200-day simple average. The weekly forecast’s target date is Oct. 23.