Key Ripple Levels to Watch — October 22

XRP continues to battle bullish weakness under the $1.1500 level. Despite a solid bullish sentiment across the broader market, XRP still lacks the strength to secure meaningful bullish gains. The seventh-largest cryptocurrency suffered another defeating blow yesterday following a retest of the $1.1500 resistance, which sent it below the $1.1000 support. That said, the cryptocurrency needs to secure a break above the descending trendline over the coming days to catch up with the rest of the market on an upward trajectory. It is worth mentioning that the current XRP weakness stems from the ongoing lawsuit with the SEC.

Meanwhile, our resistance levels are $1.1500, $1.2000, and 1.2500, and our support levels are $1.1000, $1.0500, and $1.0000.

Total Market Capitalization: $2.60 trillion

Ripple Market Capitalization: $51.9 billion

Ripple Dominance: 1.99%

Market Rank: #7