U.Today analysis: XRP trades near $1.537 as GRAM tests its 200-day average
In brief
- XRP traded near $1.537 in U.Today's September 28 analysis, with resistance at $1.65 to $1.70.
- A drop below $1.35 would invalidate XRP's bullish structure, the analysis said.
- GRAM rose from roughly $1.40 to $1.63 but faced a declining 200-day average.
- NEAR rose over 200% in a month and was deeply overbought, U.Today said.
- Bitcoin traded near $84,900 after pulling back from $87,400, per the analysis.
XRP holds above its moving averages
According to U.Today's September 28 analysis, XRP was trading near $1.537 after falling from a local high above $1.65 the previous week. That pullback came after a late-August breakout from the $1.35 range (the token reached as high as $1.70, then consolidated for several weeks between roughly $1.35 and $1.55). XRP sat above its 50-day moving average near $1.36, the analysis said. Its 200-day average, at $1.35, was trending slightly lower. The RSI was in the 60s, which U.Today read as strong momentum that hadn't reached overbought levels yet.
A breakback below $1.35 would invalidate the current bullish structure and allow for a retest of the low-$1.30s.
In U.Today's read, that's where the XRP setup breaks.
GRAM tests a falling 200-day average
GRAM's chart looks different. The token surged to almost $2.90 in May, then fell for months, from above $1.80 to lows of about $1.30 by late summer, per the U.Today price analysis. It's since risen from roughly $1.40 to $1.63 and moved above its 50-day and 100-day moving averages for the first time since that decline began. The next resistance, the analysis said, was the declining 200-day moving average near $1.60. GRAM's RSI rose into the 70s.
U.Today didn't call it a trend change.
It described the move as a reversal attempt within a longer-term downtrend. In a pullback, the analysis said, holding above $1.50 would support the bullish case, while a drop below $1.40 would suggest the rally was only a brief uptick.
NEAR and Bitcoin
NEAR rose more than 200% in a month (from about $1.70 to roughly $5.20), according to U.Today, which said that left the token deeply overbought while it held above its $4.00 to $4.20 breakout zone.
Bitcoin traded near $84,900 after pulling back from $87,400. The analysis said BTC has stayed bullish since breaking above $72,000 in mid-August, with support at $80,000 to $81,000.
None of these levels are LeoDex News calls. They're U.Today's technical read, and the outlet's own disclaimer says its writers' opinions are their own and don't represent the publication's views.
