XRP falls 16% in October; daily RSI at 36.85
Original headlineXRP, 10월 16% 하락…일봉 RSI 36.85
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XRP fell roughly 16% in October, with Exchange Rates UK data showing the XRP/USD monthly open at $1.489 and close at $1.251 (a 16.00% decline), while CoinCrypTick's Binance XRPUSDT daily close data recorded a -16.2% monthly return, with the small discrepancy between the two figures attributable to differing data sources and calculation methods. As of the November 3 daily candle, the token's relative strength index (RSI) stood at 36.85, and the price traded below its 20-day, 50-day, and 200-day exponential moving averages (EMAs), signaling sustained bearish momentum across short-, medium-, and long-term trend indicators. The RSI reading below 40 suggests the asset is approaching oversold territory, though not yet at the conventional 30 threshold, leaving room for further downside before a technical rebound signal appears. The October slide reflects continued selling pressure on the token, which remains one of the most widely held digital assets by market capitalization. Traders and analysts will be watching whether XRP can reclaim its 20-day EMA as an initial sign of stabilization, and whether the RSI dips below 30 to trigger oversold conditions that could attract dip-buying interest.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
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XRP (XRP), Binance
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