Ripple, that capricious darling of the markets, continues to pirouette beneath a descending corset of resistance, a tightening structure that whispers of a breakout with the drama of a well-timed cameo. The asset, for its part, flirts with vigor above the respectable moving averages, yet remains politely restrained by a significant multi-month trendline that has declined every suitor who dared approach the stage.
XRP Price Analysis: Technicals, with Velvet Sarcasm
By Shayan, with a wink and a quill.
The Daily Chart
On the daily stage, XRP contends within a converging wedge-a descending lash of resistance courted by a rising line of support. The price has reclaimed the dignified 100-day and 200-day moving averages and has conducted a graceful pullback, a revival after weeks of an affectionate waltz with sideways action.
Presently, the market retests the upper boundary of this wedge near 3.05-3.15 dollars, the very satchel of supply that has repeatedly rejected prior attempts at continuation. A confirmed breakout above this confluence could open the path toward 3.35 and, if fate is generous, 3.60, where the liquidity pool of higher timeframes and major resistance await like stern matrons at the opera.
Yet, should fortune fail to break through, one may witness another short-term retreat toward the 2.75-2.80 range, aligning with the lower boundary of the pattern and near the 200-day moving average-an area that must hold if the bullish mood is to endure the encore.
The 4-Hour Chart
On the four-hour stage, XRP remains bound in a well-defined descending structure. The recent rebuff from 3.10 to 3.15 marks another audition of the descending trendline, keeping short-term traders on their toes with a tasteful sprinkle of suspense.
Nevertheless, the mid-range structure remains buoyant. The price has formed higher lows since late September, suggesting that demand persists to defend the stage each time it dips below 2.80. The current action appears to coil with the intensity of a plot twist, often preceding a dramatic expansion in a single, sweeping act.
If the price breaks and holds above 3.15, this could spark a momentum-driven ascent toward 3.35, followed by a liquidity sweep near 3.60. Conversely, if the rejection endures, a corrective move back toward 2.70-2.75 remains plausible, a zone aligned with the lower boundary of the channel and prior accumulation.
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2025-10-06 19:30