Over the past month, the XRP price has executed a performance worthy of the Royal Opera House-a 23% decline amid the crypto market’s grand crash on October 10. Analysts, ever the optimists, now insist this “correction” is merely the overture. One might imagine the altcoin’s creators apologizing to Fibonacci for borrowing his ratios so frequently.
Market sage Casi Trades, a Twitter/X luminary, recently opined that the recent Mastercard partnership euphoria was “premature.” At Ripple’s Swell 2025 gala in New York, the company unveiled a collaboration with WebBank, Gemini, and Mastercard to test RLUSD stablecoins for credit card settlements-a public relations coup if ever there was one.
The announcement briefly lifted XRP toward $2.41, only for the price to execute a graceful pirouette back down. It now languishes below the Fibonacci Wave 1 low, a chart resembling a particularly inept waltz. Casi Trades, ever the dramatist, insists this rejection proves the Wave 3 low at $2.05 remains untested-a subplot in the grand saga of XRP’s descent.
The RSI, that most inscrutable of indicators, offers a bearish whisper: a divergence at the recent high suggests a retest of the lower trendline is imminent. One might call it the market’s way of saying, “Good try, but not quite yet.”
Meanwhile, Egrag Crypto, a bullish oracle, insists XRP’s current range resembles “a yawn, not a wedge.” If history repeats, the altcoin could ascend to $10-a 2,155% gain from $0.77, or a 2,155% gain from $50, depending on which wick one prefers. The analyst’s logic? That the Binance wick to $0.77 must be filled, but the Gemini wick to $50 is equally plausible-a financial alchemy worthy of Waugh’s own satire.
As the market hurtles toward its “final blow-off phase,” one cannot help but admire the audacity of such projections. At press time, XRP trades at $2.22, a 318% year-to-date gain-proof, perhaps, that in crypto, even a modest 318% is a triumph. Or a prelude to disaster. The plot thickens.
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2025-11-07 12:16