Add as a preferred source on GoogleXRP’s $1.34 Weekly Target Sits Below Several Moving Averages
CoinDCX set a $1.28-to-$1.38 range for Oct. 28. Its stronger upside scenario hinged on a daily close above the 100-day EMA at $1.3357.
CoinDCX’s Oct. 21 XRP (XRP) forecast set a $1.34 target for Oct. 28, below several moving-average readings listed in Oct. 22 technical data and inside a projected price range.
The target falls within the range of $1.28 to $1.38, rather than at its midpoint. Oct. 22 technical readings put the 20-day simple moving average (SMA) at $1.38 and the 50-day SMA at $1.41. The 20-day and 50-day exponential moving averages (EMAs) were both listed at $1.37.
The outlook tied a stronger upside scenario to a daily close above the 100-day EMA at $1.3357. That condition would put the $1.3709-to-$1.3751 EMA range back in focus. The Oct. 22 relative strength index (RSI) reading was 47.35, a neutral level.
The outlook follows a previous weekly XRP forecast for Oct. 23. The new target is set for Oct. 28.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.