Share this article
XRP Price Exits Downtrend to Hit Three-Week High
XRP has been on the offensive, having ended a 3.5-month-long downtrend with a move to three-week highs.
Updated Sep 14, 2021, 1:51 p.m. Published Oct 16, 2019, 1:45 a.m.
XRP has been on the offensive, having ended a 3.5-month-long downtrend with a move to three-week highs.
The world's third-largest cryptocurrency by market capitalization clocked a high of $0.2993 Tuesday, the highest level since Sept. 21, according to CoinDesk's price index.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
As of writing, XRP has pulled back slightly and is changing hands at $0.2879, representing a 3.8 percent drop on the day after reaching its local peak.
Notably, prices are up more than 25 percent from the low of $0.2343 registered on Sept. 26. Further, XRP is the third-best performing top 10 cryptocurrency of the last seven days with a 2.2 percent gain.
Binance coin, up 16 percent, is the top gainer, while litecoin has dropped 4.2 percent and is the worst-performing top-10 cryptocurrency of the last seven days.
Bitcoin, the largest cryptocurrency by market value, is currently reporting a meager 0.06 percent gain on a seven-day basis. Also, BTC has been up just 4.5 percent from the recent lows near $7,750.
XRP's price may continue to outperform BTC in the near future as the cryptocurrency has found acceptance above the widely tracked 100-day moving average for the first time since July 10. The key average is currently seen at $0.2854.
Meanwhile, bitcoin's 100-day MA is currently located at least $1,500 above its price of $8,175.
Further, XRP's technical charts are reporting a bullish breakout, as seen below.
Daily chart
XRP jumped six percent on Monday, confirming an upside break of a symmetrical triangle represented by trend lines connecting Sept. 18 and Oct. 13 highs and Sept. 24 and Oct. 13 lows.
The previous breakout indicated the sell-off from June 26's high of $0.4923 had ended and the path of least resistance was to the higher side.
That outlook has been halted in the immediate short term, courtesy of a small sell-off witnessed Tuesday at 14:00 UTC that brought prices back to prior resistances seen Oct. 8 and Oct. 9.
However, XRP remains bullish in the mid-term should prices remain above the aforementioned 100-day moving average at $0.2854.
As a result, the next major resistance at $0.3218 (Sept. 18 high) stands exposed. The short-term bullish case looks stronger if we take into account the above-50 reading on the relative strength index and the higher bars on the MACD histogram, an indicator used to gauge trend strength.
The recent price rise has excited the investor community and prominent traders such as Bagsey expect the cryptocurrency to trade better bid in the near future.
Even so, there is merit in being cautious, as bitcoin – the anchor for broader markets – is looking weak. If the top cryptocurrency slides, XRP will likely follow suit once more, trapping buyers on the wrong side of the markets.
That could yield a notable price drop. After all, failed breakouts are powerful bearish reversal signals, as noted by popular analyst Nicola Duke.
Disclosure: The author holds no cryptocurrency assets at the time of writing.
Sebastian Sinclair contributed reporting.
XRP image via Shutterstock; charts by Trading View
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
These Three Metrics Show Bitcoin Found Strong Support Near $80,000
Onchain data shows multiple cost basis metrics confirm heavy demand and investor conviction around the $80,000 price level.
What to know:
- Bitcoin rebounded from the $80,000 region after a sharp correction from its October all time high, with price holding above the average entry levels of key metrics.
- The convergence of the True Market Mean, U.S. ETF cost basis, and the 2024 yearly cost basis around the low $80,000 range highlights this zone as a major area of structural support.
Top Stories
