XRP’s $8 Dream: A Most Optimistic Gambit? 🎩💰

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It is a truth universally acknowledged, that a market in possession of a rising price, must be in want of a breakout. Thus, the recent stirrings of XRP’s long-term price structure have drawn the attention of many a trader, who, with eyes aglow, speculate upon a clean escape from the confines of multi-year technical levels.

Though short-term fluctuations may vex the soul, recent endeavors on both charts and on-chain data suggest that the larger players are taking their positions with the utmost seriousness.

Breakout Structure Holds With Fibonacci Targets in Sight

As per the esteemed ChartNerd, XRP has indeed broken free from a multi-year symmetrical triangle, a feat most commendable. This movement has been followed by a retest of the 3-month 10 EMA, a level now standing as steadfast support. The chart reveals price now ascending above a long-term resistance zone, which had previously curbed all prior rallies.

$XRP is going to melt faces..

Symmetrical Triangle Breakout
3-Month 10 EMA Retest
Gaussian Channel Upper Regression
Stop, Entry, Target Formation
FIB Extension Replication

FIB Targets = $8 ➡️ $13 ➡️ $27 #NFA

– ChartNerd (@ChartNerdTA) October 21, 2025

Price is also positioned at the upper boundary of the Gaussian Channel, a level often associated with trend confirmation. Fibonacci extension levels, plotted with the precision of a mathematician, place potential price targets at $8, $13, and $27. The chart outlines a structured setup, with a clear entry point and risk level below ascending trend support.

Moreover, the sagacious analyst Egrag Crypto, in response to bearish sentiment, remarked: “There isn’t one confirmed bearish signal on the chart.” The chart he posted shows XRP holding well above a long-standing ascending channel. Key support levels remain intact, with no break below structural trend lines or moving averages.

Price action continues to respect higher time frame support zones, with consolidation taking place above the center of the trend channel. No reversal signals have appeared on the chart, which is most reassuring.

Short-Term Volatility Still in Focus

In a separate update, the erudite CryptoWZRD noted that XRP’s daily candle closed as an inside bar, indicating low conviction in either direction. His attention is on Bitcoin dominance, which could influence XRP’s next move. He added that “if Bitcoin moves sideways,” XRP could attempt a push to $2.75, while a more decisive move down in Bitcoin could bring the cryptocurrency toward $2.30.

On the lower time frame, the $2.55 area is being monitored as a key zone. Price holding above this level may indicate momentum building, while a drop below $2.30 could signal further selling. No clear breakout or breakdown has formed yet on the intraday structure, which is most perplexing.

Whale Accumulation Contrasts With Retail Behavior

Recent on-chain activity, as reported by CryptoPotato, reveals that smaller holders have been selling XRP at a loss, with an increase in fear-related discussion across social platforms. In contrast, wallets holding between 100,000 and 10 million XRP added 30 million tokens in 24 hours, according to analyst Ali Charts. One might suppose that the whales, ever the prudent, are accumulating with the grace of a seasoned dancer.

Separately, Evernorth-a Ripple-backed company-announced plans to list on Nasdaq via a merger with Armada Acquisition Corp II. The company has stated it will focus on building an XRP-centered platform. Meanwhile, blockchain data shows that Ripple co-founder Chris Larsen moved 50 million XRP to exchanges on October 20, with an estimated value of over $120 million. A most calculated maneuver, if ever there was one.

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2025-10-22 12:53