XRP fell 2.97% to $1.29 on October 24, pressing into its 200-day simple moving average while trading below every short-term moving average — a configuration that places the coin at a technical infl...

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XRP opened October 24 at $1.29, having dropped 2.97% over the prior 24 hours, with a session range of $1.28–$1.33 recorded on Binance spot. The move pulled the price below both immediate resistance at $1.32 and the pivot point at $1.30, leaving it sandwiched between the immediate support level at $1.27 and the strong support floor at $1.25.

What makes the current price meaningful technically is where it sits relative to the moving average stack. The 7-day SMA stands at $1.32, the 20-day SMA at $1.36, the 50-day SMA at $1.41, and the EMA 12 and EMA 26 print $1.33 and $1.36 respectively. XRP is trading below all of these. The one average offering a cushion is the 200-day SMA at $1.28, which sits just one cent beneath the current price. That level coincides closely with the session low and with the Bollinger Band lower boundary at $1.24, meaning any sustained close beneath $1.28 would represent a meaningful deterioration in the longer-term trend picture.

The momentum indicators, derived from Binance spot daily data, tell a consistent story. 20, characterised in the supplied data as neutral but sitting close to the conventionally oversold threshold of 30. 24 are already in oversold territory, which can precede a bounce but does not in isolation confirm one.

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