Well, shucks, folks, here we are again, jawinâ about Ripple (XRP) like itâs the next big thing since sliced bread. Trading near $3, itâs sittinâ pretty, just 18% below its all-time high of $3.65. Hit a peak of $3.07 lately, then took a little siesta, but itâs holdinâ steady. Volumeâs been kickinâ at $4.92 billion in the last 24 hours. Short-term actionâs been as sour as a lemon, but XRPâs still managed to mosey up 5% in the past week. Ainât that somethinâ? đ€
The so-called âanalystsâ are squintinâ at their charts like theyâre readinâ tea leaves, tryinâ to figure out whatâs next. đ§
Resistance at $3.07? More Like a Brick Wall, Says Twain
That early push to $3.07? Well, it hit a wall of sellers thicker than a Mississippi mud pie. Now itâs sittinâ there like a stubborn mule, refusinâ to budge. Volume spiked like a fever at that level, showinâ folks were takinâ profits faster than a hound dog chasinâ a rabbit. XRP then slid back to $3.00, where the buyers decided to plant their flag. The $2.98 levelâs been tested more times than a riverboat gamblerâs luck, and itâs still holdinâ strong. đ°
CRYPTOWZRD, that olâ sage of the crypto wilderness, reckons a move above $3.01 could open the gates to $3.13, with $3.15 beinâ the next stop on this wild ride. He chirped:
XRP Daily Technical Outlook: $XRP closed with a gravestone doji. However, XRPBTC should be pushinâ up soon, whichâll help XRP get its swagger back. Movinâ above the $3.0100 resistance in the intraday chart will trigger a long. đ€
– CRYPTOWZRD (@cryptoWZRD_) October 6, 2025
Till then, traders are stickinâ to their short-term plays like a barnacle on a boat. đŠ
Price Pattern? More Like a Soap Opera, Says Twain
Take a step back, and youâll see XRPâs been dancinâ the same olâ four-step: rally, correction, consolidation, then breakout. Right now, itâs in the final act, teeterinâ on the edge of its next big move. Analyst CW points out it only needs an 18% hop to retest the old high. Sounds like a cakewalk, right? Well, hold your horses. The same setup happened before XRPâs 2017 moonshot. If it breaks above $3.30, historical targets say $22 could be in the cards. Thatâs based on them Fibonacci levels, which traders swear by like a lucky rabbitâs foot. đ
On the XRP/BTC chart, price is squeezinâ into a symmetrical triangle tighter than a corset at a hoedown. Itâs been forminâ since 2018, and now itâs sittinâ right at the top. A breakout here could send XRP ridinâ into the sunset. CW hollered:
A breakout of the convergence on the $XRP/BTC chart is imminent. The first real rally in 8 years is about to begin. đ€Ż
– CW (@CW8900) October 5, 2025
Last time this happened, XRP outpaced Bitcoin like a racehorse leavinâ a donkey in the dust. Traders are watchinâ volume like hawks, waitinâ for the signal. đŠ
Exchange Inflows? Twain Says: “Thatâs a Mighty Big Pile of Tokens”
Glassnodeâs data shows over 320 million XRP-worth about $950 million-got moved to exchanges between September 26 and October 5. Exchange balances swelled from 3.45 billion to 3.85 billion XRP in that time. Thatâs enough to make a fella nervous. đŹ
Despite this, XRPâs price stayed as steady as a rock. Either the market swallowed that supply like a black hole, or those tokens are just sittinâ pretty, waitinâ for the right moment. Steph Is Crypto chimed in:
âOVER 320 MILLION $XRP ($950 MILLION) TRANSFERRED TO EXCHANGES IN JUST 7 DAYS. SHOULD WE BE WORRIED?â đ±
Big inflows usually mean sellinâs on the horizon, but whether that happens depends on how price and volume play their cards. So, folks, keep your eyes peeled and your wallets ready. Just remember, in the words of olâ Twain: âThereâs a sucker born every minute, and theyâre all buyinâ crypto.â đ
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2025-10-06 11:18
