Is $3 the Golden Key to XRP’s Big Comeback or Just Another Hopeless Dream?

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Ah, yes. Ripple (XRP) – the crypto asset that just can’t seem to make up its mind. This week, it finds itself clinging to the $3 Fibonacci support level like a weary traveler hanging onto a cliff’s edge. Analysts, those modern-day soothsayers, say that this level is as crucial as a lifeline, a test of faith that might just decide if XRP’s journey towards greatness will continue or if it will fall into the abyss of forgotten altcoins.

But wait – don’t get too excited just yet. XRP has been consolidating around this $3 mark for days, almost as if it’s waiting for something big to happen. The question is: Will this consolidation be the calm before the storm, or will it lead to the grandest of breakouts? Time will tell. Or perhaps the price chart will, if you’re into that kind of thing.

The Eyes of the World Are Upon $3

According to the ever-optimistic CasiTrades, XRP’s ability to hang on at $3 is like proof that the crypto market still believes in fairy tales. The analyst claims that if this support level holds, XRP might be on the verge of a glorious “Wave 3” upward move. Wave 3 – that mythical phase of the Elliott Wave theory where the price shoots up like a rocket, and the little guys feel like they’ve struck gold. If only it were that easy, right?

Of course, there’s always the looming threat of resistance around $4 and $4.50, which means if XRP decides to take off, it might encounter a few bumpy rides along the way. But hey, who doesn’t love a challenge? CasiTrades even said:

“This is a critical support test for XRP. The market is testing strength while forming clear structure. All eyes on how it behaves at this $3 support!”

As if anyone needed reminding. But who’s counting?

Now, let’s talk about sentiment. According to Santiment, XRP is experiencing a level of retail fear and uncertainty that hasn’t been seen since Trump’s tariffs were the talk of the town. Negative comments are flooding the crypto-verse like a tsunami, and bullish opinions are as rare as a unicorn sighting. Yet, in a strange twist of fate, this might be a contrarian signal to buy. Because, of course, when everyone is afraid, that’s when the true believers start swooping in for the kill.

Ripple’s DeFi Dreams – A Rising Tide of Hope (or Delusion?)

Meanwhile, Ripple’s grand plans for DeFi expansion are gaining momentum, or at least, that’s the story Sentora would have you believe. The Flare ecosystem, which XRP is intimately tied to, has been showing signs of life. In September, the launch of FAssets (which sounds like something out of a sci-fi novel) saw the total value locked in the system rise by 28%. That’s a solid jump, sure. But is it enough to turn XRP into the next Ethereum? Only time – and more data – will tell.

But wait, there’s more! Sentora’s data reveals that XRP caps on Flare are being reached at breakneck speed. So, naturally, demand for XRP-based DeFi applications is rising. Or maybe it’s all just one big hype machine, pushing the price up and down like a yo-yo.

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2025-10-07 14:34