Ripple (XRP) experienced a fleeting flicker of optimism, a 1.58% uptick, as if the crypto market, still nursing wounds from last week’s massacre, had finally remembered to blink.
Yet, the crypto asset remains entangled in the snares of bearish divergences, a cruel joke that delays the eagerly anticipated Wave 3 breakout, a promise as elusive as a mirage in the desert.
XRP on the Edge
XRP, that enigmatic dancer, shows early signs of potential weakness, despite a recent rebound from the trendline, a move as graceful as a drunk swan. According to the cryptic musings of the enigmatic ‘CasiTrades,’ the respect of this level offers a glimmer of hope, though XRP has yet to breach the critical $3 resistance, a fortress guarding the path to bullish glory.
Until that breakthrough, the analyst warns, the specter of downside tests lingers, with immediate support levels at $2.79 (50% retracement) and $2.58 (61.8% retracement), two beacons of hope in a sea of uncertainty. Yet, the latest price action is a riddle wrapped in an enigma, with the upward move from the trendline resembling a corrective ABC pattern, a dance of retracements and reversals, where the C-wave’s targets are met with a resounding ‘no,’ and bearish divergences now glare ominously on the 4-hour chart.
On the shorter-term 1-hour RSI, XRP is testing the lower support trendline, a tightrope walk that could either reaffirm the bullish narrative or plunge it into chaos. A drop below $2.69 would force a reevaluation of the current wave count, though a test of $2.58 might still align with a broader bullish scenario if maintained. But beware-breaking $2.58 would unravel the bullish market structure, a cataclysmic event that could send the macro outlook spiraling into the abyss.
A true Wave 3 breakout demands clean, decisive breaks above $2.79, $3.00, and $3.25. Continued hesitation or rejection at these levels, the analyst cautions, would likely signal further downside testing, a cruel tease before any consistent upward movement. ‘Watch Bitcoin closely for alignment, and watch for bullish divergence to show up in this next wave down. Once that momentum appears, XRP has everything in place to push for the breakout we’ve been waiting for,’ they intone, a prophecy as certain as the sunrise-or a fool’s errand.
Quarterly Milestone
Despite near-term bearish signals, some analysts, like the overly optimistic Milkybull Crypto, see a longer-term bullish setup, a ghost of 2017’s rally. XRP is edging closer to its highest quarterly close, a feat that might ignite a broader uptrend toward $15, a dream as grand as a child’s vision of a rainbow.
The analyst observed that if XRP holds at or above its current level until the quarter ends, bullish momentum is likely to continue, a repeat of 2017’s rally, which saw a 37,800% surge, a feat as improbable as a snowball’s chance in hell. In 2025, XRP appears to be following a similar trajectory, a quarterly candle has turned green after years of consolidation, and the token has decisively broken through a major resistance zone around $2.20-$2.30, a sign that history may rhyme with another significant rally. Or perhaps it’s just a mirage, a cruel joke played by the market on the desperate. 🕵️♂️🚀
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2025-09-30 10:44