XRP’s Final Descent Before the Great Rally 🚀💸

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Ripple’s XRP, that most enigmatic of digital assets, hovers at a precarious $2.65, its fate as uncertain as a Victorian debutante’s future. With a 24-hour volume of over $4.4 billion, it’s clear that the market is as obsessed with XRP as a cat with a laser pointer. Despite a 9% surge this week, analysts whisper that it’s still teetering on the edge of a precipice, awaiting that fateful “final wave down” before the long-awaited “breakout.” One can only hope the wave is less of a tsunami and more of a gentle ripple. 🌊

Technical analysts, those modern-day prophets, keep their eyes glued to $2.7 and $2.82, as if these numbers hold the secrets of the universe. One wonders if they’ve considered consulting a tarot card reader instead. 🃏

Wave 4 Resistance Keeps Correction Valid

Analyst CasiTrades, ever the optimist, claims XRP is still trapped in a “possible Wave 4 structure,” a phrase so vague it could describe a toddler’s tantrum. The $2.82 resistance level, she insists, is the “key area to watch”-a directive as clear as a foggy morning in London. 🌫️

“Until $2.82 breaks, the probability still favors one final wave down before the next major move up,” she noted, as if the market were a reluctant lover. 🤷‍♂️

The analysis also delves into exchange data, where Binance has allegedly aligned with its “0.618 Fibonacci retracement zone,” a concept so arcane it might as well be written in hieroglyphs. 🦁

Notably, this could mark the final stage of a broader correction. Binance, in a moment of dramatic flair, recorded a sharp wick to $0.77 during a liquidation event, which was not mirrored on Coinbase or other exchanges. These discrepancies have made technical evaluation more difficult than a game of chess with a drunk opponent. 🧩

Key Resistance at $2.7 Still Unbroken

XRP continues to test the $2.7 level, which has acted as both support and resistance since August. Analyst ChartNerdTA, ever the enthusiast, quipped, “So far, so good… Must clear $2.70 to really kick start a euphoric run back towards descending resistance then ATHs.” One can only hope the “euphoric run” doesn’t end in a sprint to the exits. 🏃‍♂️

$XRP : So far, so good..
Must clear $2.70 to really kick start a euphoric run back towards descending resistance then ATHs.

– ChartNerd (@ChartNerdTA) October 27, 2025

Additionally, a descending trendline remains in place, with the next resistance zone expected near $2.9 to $3. Until XRP closes above $2.70 with strength, price action may remain inside a broader consolidation range. A rejection at this level could lead to a retest of short-term support levels. One might say the market is as indecisive as a man choosing between two equally unappealing suit options. 👔

Mixed Technical Signals and Intraday Support

CryptoWZRD reported that XRP and XRP/BTC closed with indecisive daily candles. The $2.75 level remains an area of interest on the daily chart, while support at $2.55 is being tracked in lower time frames. It’s as if the market is playing a game of “hot potato” with investors’ hopes. 🍳

Separately, analyst Ali Martinez noted that the TD Sequential indicator has shown a possible sell signal, as we recently reported. One can only assume this is a warning, not a recommendation. ⚠️

Away from price movement, a recent court ruling in India confirmed that user-held digital assets remain personal property. The Madras High Court blocked crypto exchange WazirX from reallocating a user’s XRP to cover platform losses. In a twist as surprising as a well-timed quip, the court declared that XRP is not a “platform liability” but rather a “personal treasure.” 🏛️

The case reflects the growing role of legal systems in defining crypto ownership rights. One might say the law is finally catching up with the digital age-though it’s still three steps behind, sipping tea and muttering about “the future.” 🕰️

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2025-10-28 12:35