A new week has begun, and the market, ever fickle, took a tentative step forward-though some coins, like wayward children, retreated into the red zone, as reported by the ever-reliable CoinMarketCap. 📉
XRP/USD
The rate of XRP, that enigmatic dancer, has waltzed downward by 0.62% in the past day, a slight but noticeable stumble. 🕵️♂️
On the hourly chart, XRP’s price appears as a forlorn soul, casting a shadow of bearishness. Should it breach the local support of $2.6051, the correction may plunge further to $2.58, a descent as inevitable as the setting sun. 🌅
On the longer time frame, XRP’s rate, in a fit of bravado, attempted a false breakout of the $2.6624 resistance, only to be met with the cold embrace of reality. 🤡
If the daily candle closes with a wide berth from that mark, one might anticipate a visit to the support of $2.5475, a rendezvous as predictable as the tides. 🌊
From the midterm perspective, it is premature to speculate on long-term ventures, much like attempting to read the future in a crystal ball. Instead, one should fixate on the weekly bar’s closure regarding the $2.65 mark. If the candle dares to close above it, the upward trend may persist, ascending to the $2.70-$2.80 range, a climb as audacious as a mountain climber’s dream. 🏔️
XRP is trading at $2.6303 at press time-a number as elusive as a mirage in the desert. 🌵
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2025-10-27 18:24