The weekly chart shows a bullish engulfing candle, indicating a potential reversal.
The price of XRP gains about 7% ahead of Swell, while broader market remains cautious.
XRP showed signs of stability after four consecutive bearish
days, finding support and moving upward on minor charts with modest momentum.
Analysts predict that November and December could bring a
rebound across altcoins, supported by declining Bitcoin dominance and
strengthening technical signals.
XRP Weekly Chart Shows Possible Reversal Signals
An analysis from the YouTube channel CoinsKid offered a
data-driven view of Bitcoin, Ethereum, and XRP market trends. The analyst
observed that recent liquidity and sentiment data pointed to short-term
accumulation during a market dip.
Regarding XRP, the analyst identified a “bullish engulfing”
candle on the weekly chart, which may signal a reversal if confirmed in the
coming weeks. Two scenarios were outlined: one where XRP maintains support and
gradually strengthens, and another where it loses support and extends its
correction through December before a possible recovery in 2026.
XRPUSD, H1 Chart, Source: TradingView
Price Breaks $2.50, Gains Momentum
The H1 chart shows that XRP, after an extended bearish
phase, formed a bullish engulfing candle at $2.378. Since then, buying pressure
on the minor timeframes has pushed the price upward. Along the way, XRP made a
notable breakout at $2.50. If this level holds as support, it could provide a
foundation for further upward movement.
We’re excited to welcome @patrickjwitt from the White House's Digital Assets Council to our keynote speaker lineup at Ripple Swell 2025.
This is a conversation you can't miss.
LAST CHANCE: The deadline to request your invitation to attend is tomorrow, October 24th.
The event will feature speakers from major financial institutions and
representatives from the U.S. government’s digital-assets office, reflecting
the ongoing intersection of blockchain technology with regulated finance and
traditional markets.
Ahead of the conference, XRP’s price has rebounded by about
7% since yesterday, rising from $2.37 to $2.54. The broader market remains
cautious, suggesting that while short-term momentum has returned, the event’s
potential impact is only beginning to be reflected in market pricing.
XRP showed signs of stability after four consecutive bearish
days, finding support and moving upward on minor charts with modest momentum.
Analysts predict that November and December could bring a
rebound across altcoins, supported by declining Bitcoin dominance and
strengthening technical signals.
XRP Weekly Chart Shows Possible Reversal Signals
An analysis from the YouTube channel CoinsKid offered a
data-driven view of Bitcoin, Ethereum, and XRP market trends. The analyst
observed that recent liquidity and sentiment data pointed to short-term
accumulation during a market dip.
Regarding XRP, the analyst identified a “bullish engulfing”
candle on the weekly chart, which may signal a reversal if confirmed in the
coming weeks. Two scenarios were outlined: one where XRP maintains support and
gradually strengthens, and another where it loses support and extends its
correction through December before a possible recovery in 2026.
XRPUSD, H1 Chart, Source: TradingView
Price Breaks $2.50, Gains Momentum
The H1 chart shows that XRP, after an extended bearish
phase, formed a bullish engulfing candle at $2.378. Since then, buying pressure
on the minor timeframes has pushed the price upward. Along the way, XRP made a
notable breakout at $2.50. If this level holds as support, it could provide a
foundation for further upward movement.
We’re excited to welcome @patrickjwitt from the White House's Digital Assets Council to our keynote speaker lineup at Ripple Swell 2025.
This is a conversation you can't miss.
LAST CHANCE: The deadline to request your invitation to attend is tomorrow, October 24th.
The event will feature speakers from major financial institutions and
representatives from the U.S. government’s digital-assets office, reflecting
the ongoing intersection of blockchain technology with regulated finance and
traditional markets.
Ahead of the conference, XRP’s price has rebounded by about
7% since yesterday, rising from $2.37 to $2.54. The broader market remains
cautious, suggesting that while short-term momentum has returned, the event’s
potential impact is only beginning to be reflected in market pricing.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
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