XRP Price Prediction Today: Why I'm Still Bearish Before Ripple Swell
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Josh's FinanceIndependent analyst profile- Source published
- 23 Oct 2026, 23:15 UTC
- Recorded by Tahlil Plus
- 24 Oct 2026, 02:52 UTC
AI-generated source summary
The video discusses Bitcoin (BTCUSDT) and XRP (XRPUSDT), both exhibiting bearish technical trends on the daily timeframe. Bitcoin is currently trading around $81,000, with a target price of $77,000. A close below $85,000 would invalidate this bearish outlook. The analysis highlights Bitcoin's repeated attempts to break through the $84,000-$85,000 resistance zone, coupled with its failure to hold key support levels around $79,000-$80,000. The 50-day moving average is acting as resistance, and the RSI is neutral to weak. The 200-day moving average is at $73,000, suggesting significant downside potential if broken. The speaker emphasizes watching for shorting opportunities if Bitcoin fails to reclaim the $80,000 level. For XRP, the current price is approximately $1.29, with a target of $1.15. The invalidation level is set at $1.35. XRP has been forming a descending triangle pattern, with resistance around $1.35 and support at $1.25. Previous attempts to break above $1.30 have been rejected, and the price action shows lower highs and lower lows, consistent with a bearish trend. The 50-day moving average is at $1.41, and the 20-day moving average is at $1.35, both acting as resistance. The overall sentiment is bearish for both assets in the short term, with a focus on key support and resistance levels for potential short entries.
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