Key takeaways:
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XRP price must flip the 200-day SMA and the $2.70-$2.80 resistance into support for a rally above $3.00. Seems simple enough, right? 😏
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Analysts are betting on a 57% chance of a moonshot to $9.5-$27, with a 43% chance of an embarrassing tumble to $0.50. Talk about a rollercoaster. 🎢
XRP (XRP) has taken a bit of a nosedive, falling over 31% since its glorious peak of $3.66 in July. And recently, it dropped 12.5% in a week, sliding toward a humble $2.50. Not exactly the crypto version of a superhero. 😬
So the question is: can XRP cling to $2.50 like a desperate cat on a cold winter’s night, or is this the end of its short-lived glory? Only time-and the charts-will tell. ⏳
XRP must flip the 200-day SMA into support
XRP needs to do the unthinkable: flip the $2.70-$2.80 resistance zone into a shiny new support zone, if it has any hope of climbing above the $3.00 mark. Easy peasy, right? 🙄
But first, it must close above the 200-day simple moving average (SMA) at $2.58 on the daily chart. So, no pressure. If it can manage that little feat, we might just see another bull run-if you believe in such things. 🐂
Historically, reclaiming the 200-day SMA has been followed by impressive recoveries in XRP price, especially in July (refer to the chart below). So maybe there’s some hope yet! 🤞
The next level to watch? The $2.86-$2.96 range, where the 50-day and 200-day SMA currently reside. So get your binoculars out. 👀
According to CryptoMoon, the bulls must push the price above the 20-day exponential moving average (EMA) at $2.72 to signal a comeback. Are you feeling bullish? Or just plain bored? 🤔
XRP has a 57% chance of an upward breakout
XRP charts show a glimmer of hope: a possible rebound from current levels-assuming it doesn’t fall under $2.50. According to technical analyst Egrag Crypto, XRP is trapped within a “descending broadening wedge” which has a 57% chance of breaking to the upside. Translation: it’s a gamble. 🤑
If the crypto gods are kind, XRP could shoot up to the chart’s measured target of $9.50. But don’t hold your breath. 😬
As Egrag Crypto says,
“I believe we’re heading toward a minimum of $9, with an average target of $20 and a high-end target of $27 this cycle.”
Of course, that depends on whether you believe in fairy tales or reality. ✨
But alas, there’s always a catch. The broadening wedge also has a 43% chance of a breakdown, dragging XRP as low as $0.50. Perfect timing to “buy back,” according to the analyst. When in doubt, buy low, sell high. Duh. 😅
Elliott wave analyst XForceGlobal is feeling optimistic though. According to them, XRP is still “bullish on the macro.” Meaning, it’s not all bad, yet. Maybe. 🤷♂️
The chartist sees the current price range as the “confirmation stage” before XRP enters its final bullish push into wave 3 of the cycle. So grab your popcorn and wait for the show. 🍿
“From a timing perspective, it’s looking great.”
And for those who love technical indicators, the oversold weekly Stochastic RSI suggests a potential bullish reversal in XRP’s price. Or maybe it’s just a blip. Who knows? 😏
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2025-10-15 14:00