Can Ripple Hold Its Ground as MOEX News Builds?


XRP has been consolidating beneath key resistance as the MOEX announcement enters the market. Historically, institutional index publication events compress short-term volatility before triggering directional expansion.

On the technical side, XRP is holding just at its 50-day moving average, a level that has repeatedly acted as dynamic support during recent pullbacks. Volume has been subdued ahead of the catalyst, which typically indicates accumulation.

MOEX index publication could trigger fresh institutional inflows, which can drive XRP to clear $1.50 resistance. And not to forget, MOEX’s October futures launch as a secondary catalyst. However, should macro deterioration happen from Middle East escalation, and/or equity selloff pressure, it could overwhelm the XRP catalyst and force a retest of $1.2 support.#GateSquareMayTradingShare
XRP-2.47%
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