XRP could be on the verge of posting its most bullish weekly candle ever, according to veteran investor Patrick L. Riley.
In a tweet earlier today, Riley noted that if XRP closes the week tomorrow (Sunday) at $3.1150, it would mark the most bullish weekly candle in the token’s history. The statement suggests this development could make the current week one of XRP’s most significant in terms of gains.
The observation comes amid a sudden overnight bloodbath in the crypto market, during which several assets, including XRP, Bitcoin, and Ethereum, experienced flash crashes, plunging to historic lows before swiftly recovering.
XRP Dipped 56% in One Day
Specifically, XRP’s price plummeted to $1.2543 on Binance, down from daily highs of $2.8372. This represented a dramatic 56% flash crash within a 24-hour window.
During the same period, Bitcoin dropped from $122,550 to as low as $102,000, a level last seen in June. Other altcoins, like SUI, suffered even more devastating losses, plunging from $3.47 to $0.5597, nearing their all-time lows—all within just 24 hours.
The dramatic collapse in prices followed President Trump’s announcement of new tariffs on China. The announcement triggered $19 billion in liquidations across the derivatives market and wiped out $1.65 trillion from the U.S. stock market.
Despite the market turmoil, analysts like Riley are pointing to a potentially historic rebound for XRP.
XRP Set to Mark Most Bullish Weekly Candle in History?
After crashing to $1.25, XRP has rebounded approximately 100% to a current price of around $2.40. Although this is still below its weekly high, Riley believes that a weekly close at $3.115 would mark the most bullish weekly candle in the token’s history.
For context, a move from yesterday’s low of $1.2543 to $3.1150 would represent a 148% increase. However, this would not be XRP’s biggest weekly gain ever.
Back in December 2017, XRP posted a more substantial 215% weekly gain, rising from $0.22598 to $0.70969, an increase of $0.48471.
In the current scenario, XRP opened this week at $2.9705. A close at $3.115 would translate to a modest weekly gain of just 4.86%, far from its historical best.
However, considering the bounce from its weekly low, XRP could be said to have recorded one of the strongest recoveries of the year, aligning more closely with Riley’s perspective.
XRP Logs Highest Quarterly Close in History
Beyond the weekly chart, XRP recently set a new milestone by recording its highest quarterly close ever.
The token closed Q3 2025 at $2.846, marking a 27.16% gain from its Q2 close of $2.23. This makes September 2025 the third-highest monthly close in XRP’s history, behind January 2025 ($3.03) and July 2025 ($3.02).
With Q4 now underway, analysts are optimistic about even stronger performance. Historically, XRP tends to perform best in the fourth quarter.
On average, it gains 140% during Q4, with notable rallies including a 240% surge in Q4 2024 and a record-setting 1,064% explosion in Q4 2017.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
