Overview
- XRP is compressing in a $2.33–$2.44 range, with charts showing a descending/symmetrical setup and nearby resistance clustered around $2.72–$2.90.
- Technical watchers say a loss of $2.35–$2.40 could open a 25–30% drop toward roughly $1.70–$1.80, while a daily close above about $2.74 could target $3.00–$3.20.
- A potential daily death cross is nearing as the 50- and 200-day moving averages converge, and the 2021 occurrence preceded a 65% decline.
- On-chain signals lean cautious, with $16.26 million in Oct. 23 net exchange outflows and continued profit-taking by co-founder Chris Larsen, who has realized about $764 million since 2018.
- Institutional interest remains a counterweight, with XRP ETFs reporting sizable assets and new filings cited by analysts, though any SEC approvals are still unconfirmed.