empty
28.10.2022 05:41 PM
XRPUSD short-term analysis for October 28th, 2022.

This image is no longer relevant

Red rectangle - resistance

Green rectanlge- support

XRPUSD is having a quiet day with decreased volatility as price is hovering around $0.46-$0.47. Price remains inside the trading range between $0.54 and $0.42. There is no clear trend in the near term and that is why traders need to be very cautious. A break above $0.54 will be big news for XRPUSD as it will increase the chances of a major upward reversal and the start of a new bull trend. Price has already made a first upward wave from $0.28, a second upward wave could be stronger and could push price to $0.83 or even higher. Failure to hold above $0.42 will lead price towards a bigger pull back lower near $0.36 at least.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

US Securities and Exchange Commission approves listing standards for crypto exchange-traded funds

Bitcoin and other cryptocurrency assets surged following news that the US Securities and Exchange Commission (SEC) has fast-tracked approval of listing standards for cryptocurrency exchange-traded funds (ETFs), quickly laying

Jakub Novak 15:21 2025-09-18 UTC+2

Trading Recommendations for the Cryptocurrency Market on September 18

During the Asian session, Bitcoin stopped just one step away from the 118,000 mark, although only yesterday, after the Federal Reserve's rate decision, BTC had updated the level of 114,800

Miroslaw Bawulski 08:59 2025-09-18 UTC+2

Crypto market: what else drives Bitcoin's trend besides Fed's interest rates

The main event of the week — and of today — is the Federal Reserve's policy meeting. As market participants brace for the interest rate decision (scheduled for 18:00 GMT)

Jurij Tolin 16:57 2025-09-17 UTC+2

Trading Recommendations for the Cryptocurrency Market on September 17

Bitcoin is knocking on the $117,000 level, while Ethereum isn't feeling too confident, trading around the same levels as at the week's start. While markets await a rate cut from

Miroslaw Bawulski 08:53 2025-09-17 UTC+2

Trading Recommendations for the Cryptocurrency Market on September 16

Yesterday, Bitcoin slipped down to the $114,600 area and spent most of the day there. Today, however, active buying with the opening of the European session is an encouraging sign

Miroslaw Bawulski 08:50 2025-09-16 UTC+2

Bitcoin aims for breakout to $117,000

Bitcoin continues to gain bullish momentum. At the time of early European trading, it has once again returned to its weekly high around $116,800. Ethereum has also seen solid gains

Jakub Novak 12:03 2025-09-15 UTC+2

Trading Recommendations for the Cryptocurrency Market on September 15

Demand for Bitcoin remains at a reasonably high level. Given that the weekend passed with no major corrections and that we have a Fed meeting and potential rate cuts ahead

Miroslaw Bawulski 09:04 2025-09-15 UTC+2

Is There a Chance for Another Explosive Growth in the Crypto Market?

For now, Bitcoin continues to react positively to US inflation data, preparing to enter a new bull cycle. However, one of the key crypto exchanges published a report yesterday warning

Jakub Novak 09:22 2025-09-12 UTC+2

Trading Recommendations for the Cryptocurrency Market on September 12

Bitcoin renewed its weekly high today, reaching $116,300. However, it's still too early to say the previous bear cycle is broken. To do that, price needs to firmly break through

Miroslaw Bawulski 09:17 2025-09-12 UTC+2

Ripple Has the Potential to Strengthen Today Despite the Appearance of Divergence in the RSI. Friday, 12 September 2025.

[Ripple] – [Friday, 12 September 2025] The Golden Cross condition of the EMAs, along with the RSI being in the Neutral-Bullish area, means Ripple has the potential to strengthen throughout

Arief Makmur 08:08 2025-09-12 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.