RIPPLE - XRP Set Up For Buying Wave?! Big Launches Happening! XRP Bounce Back Ahead?!
1 extracted signal · 0 resolved · 1 still active
LuckSide CryptoIndependent analyst profile- Source published
- 17 Oct 2026, 18:00 UTC
- Recorded by Tahlil Plus
- 17 Oct 2026, 20:51 UTC
AI-generated source summary
The analysis focuses on XRPUSDT, observing a bullish descending wedge pattern forming on the daily chart. This pattern suggests a potential for a significant upward move. The price has recently tested the 200-day moving average at approximately $0.35, which previously acted as support. A bounce from this level is anticipated. The historical data shows a similar pattern in late September, where after testing the 200-day MA, XRPUSDT rallied approximately 28% to $1.65. The current price is around $0.49. A break above the descending wedge resistance could target previous highs near $1.65. A failure to hold the $0.35 support level would invalidate the bullish outlook, potentially leading to a downtrend towards $0.16.
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