And so, week after week, the XRP chart sits there-pale, listless, like a man who has forgotten his umbrella and now waits indefinitely for the rain to stop. A vast, brooding bearish formation, born in the sultry days of late July, looms still, whispering of decline, of forgotten hopes, of portfolios wilting like tulips in autumn. The price shuffles lower, not with drama, but with the quiet despair of a clerk realizing he’s worn mismatched socks for three Tuesdays in a row.
One might optimistically suggest that the suffering could stretch on for months-perhaps not due to malice, but mere indifference, like a doctor who sighs and says, “We’ll see,” before shuffling off to tea. The trend, regrettably, remains downward. The market, much like a bored aristocrat, continues to yawn at XRP’s advances.
Daily Chart: A Glimmer of Hope? Or Just Indigestion?
Ah, but look-on the daily chart! A faint pulse! XRP has dipped to a new low, yes, but the RSI, that temperamental little prophet of momentum, has formed a higher low. A divergence! Or perhaps it’s just gas. 🫠
This might-might-signal a brief reprieve: a sideways shuffle, a modest rise, perhaps enough to buy a small coffee with renewed confidence. But let us not mistake a sigh for a resurrection. For this flicker to become a flame, the RSI must decisively bounce. If it does, we may enjoy a week or two of gentle price undulations-like a boat rocking on calm water, though still firmly tethered to the pier of bearish reality.
Still, even if XRP dares to rise, do not light the village bonfires just yet. This is not a reversal-it is merely the market catching its breath between sobs.
A Tiny Bounce? Yes. A Real Comeback? Don’t Be Ridiculous.
Should XRP manage a brief ascent, let us not confuse a ladder for an elevator. 😏 The weekly pattern-the grand, gloomy maestro of this whole sorry symphony-still commands the stage. Downward pressure, like a nagging mother-in-law, will return. Unless we see truly robust signals-ones that knock confidently on the door instead of whimpering through the mail slot-any recovery is but a dream from which we shall soon awake, teeth chattering, to find the bears have eaten our lunch.
Key Levels: The Usual Suspects
Support lurks between $2.50 and $2.70-a zone so noble, it deserves a eulogy. Should XRP fall, this noble ground may slow its descent, like a kind-hearted doorman helping a drunk guest find a taxi. But do not expect heroics.
Above? Ah, the resistance between $2.30 and $2.40-the bouncer at the club no one’s been allowed into for six months. Only a decisive breakout here would suggest XRP has finally sobered up and remembered its purpose. Until then, it remains a coin in search of meaning, like a poet at a math conference. 📉📚
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2025-11-19 06:53