I want to make myself clear.
I remain optimistic that $XRP can hold above the $1 level and establish a solid foundation before trending higher.
At the same time, I am equally concerned that, following such a heavy rejection from key weekly and moving averages over the past 10 weeks, this unwind could get worse before it gets better.
There is a real possibility that we may even sweep the current low before any meaningful recovery takes hold.
In the past, I have apologized for missing lower target ranges ($0.90/$0.70) earlier in the year and for being caught offside during the move from $0.98 to $1.70. I do not have a crystal ball, and I would honestly hate to have to walk back that apology.
However, I cannot ignore the signs in front of us. I share this as a gentle note of care and awareness, not with the intention of scaring anyone.
I do not know what will happen next, but I will do my best to navigate these waters as best as I can. We keep going.
@OldWolfXRP "He also says that XRP could hit $100-$1,000 pretty soon, and might even soar to over $1,000 once the system runs on XRPL"
SOURCE PLEASE π₯±
π¨ XRP Shark Accumulation is BUILDING While Retail Fears Sub-$1.00 Prices
π XRP wallets holding at least 10K tokens are growing at a rapid rate here in November. There are now roughly 343.5K of these wallets, up 16,815 (+5.15%) in 9 months. Larger holders are expanding even as XRP falls toward $1.05.
π This is creating what we see as an encouraging divergence. Price has dropped roughly -30% over the past 7 weeks, while shark and whale numbers are strengthening. When larger holders keep appearing during a selloff, it suggests some higher-capital traders are using the fear to build positions instead of abandoning XRP.
π― $1.00 is now the key XRP level to defend. If 10K+ wallets remain in this rapid upward growth trajectory while XRP holds $1 and Bitcoin stabilizes, a reclaim of $1.10 to $1.15 could develop quickly. Losing $1 while this wallet growth reverses would likely create a short-term selloff, followed by retail FUD that should quickly lead to a bounce thereafter.
π Our Live XRP 10K+ Wallet Count Chart: https://t.co/DaOzx2CDS6
Nailed it! $XRP Price action currently mirrors the 2022 foundation structure we mapped back in September, with repeated 50-week EMA rejections driving a retest of the $1.00 lows. Holding support could establish a higher low. A breakdown would shift focus to our $0.90/70 pocket π
ripple:native's 2022 bear market is the reason i keep showcasing the importance of clearing the 50 WEMA at $1.53. Back then, even after marking a bottom, XRP tagged the 50 and retraced back to its lows. Hence why a $0.98 retest is not guaranteed, but more than possible beneath the 50 π
For context, $XRP broke below its 200-day moving average following the midterm election and has since retraced 19%. We are underperforming, though this is not unusual at this stage of the cycle. A gentle reminder: if BTC loses its 200-day, $0.90-$0.70 remains a possibility.
π LOCK IN! While the recent bloodbath is causing panic, we're busy looking ahead by decoding $XRP cycles; breaking down 13 years of structure to aid in identifying major opportunities, like today's. You have to stay one step ahead at all times. Enjoy Nerds π€
It's 2AM here in the UK, but i've managed to get some $XRP content out before I hit the sack. Today's coverage takes a step back from the chaos and focuses on decoding XRP cycles. Until tomorrow, goodnight! π«‘ https://t.co/FT82nc3OIa
$XRP's ATH was over 15.8 months ago, or roughly 480 days. Since then, we have been mapping this HUGE handle formation and are mid-retest on the Gaussian Channel ($1.01), with $0.89/73 support below if lost. This region triggered the 2020, 2022 and 2024 launchpads in the past ππΌ
A flash-wick below $XLM's 6-year support trendline would wipe out the remaining weak hands and flush leftover liquidity before a full blown melt-up. Just a thought π
πΊπΈ HUGE: Below is the SEC official documentation granting "accelerated approval" to NASDAQ's proposed rule change, paving the way for options trading on crypto-backed investment trusts holding digital commodities, including: $XRP, $XLM, $HBAR, and others ππ»
πΊπΈ BREAKING: SEC clears Nasdaq options exchange to list options on qualifying digital commodity ETPs.
Digital commodities identified by the SEC and SEC staff: BTC, ETH, SOL, CC, HBAR, LINK, AVAX, ADA, XLM, DOT, LTC, DOGE, BCH, APT, XTZ, SHIB, ALGO, LBC, XRP