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Here is Key Support XRP Price Must Hold for a Potential Reversal

Mark Brennan
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Here is Key Support XRP Price Must Hold for a Potential Reversal

XRP must hold a critical support for a potential pullback amid massive liquidation events.

XRP’s daily chart tells a tale of sharp swings and trader caution. As of November 14, 2025, XRP has experienced a 7.8% dip in the last 24 hours, pulling back from a high of $2.52 to a low of $2.31. 

This retreat, amid a healthy trading volume of $7.3 billion, suggests profit-taking after a mid-week push, possibly influenced by broader market sentiments or impact of regulatory news. XRP’s price hovers at $2.31, marking a modest 2.9% increase in the past seven days. Additionally, over the last 14 days, it is down 7.8%.

XRP Price Analysis

Looking at technical charts, XRP appears poised for a potential reversal, but it must hold a critical support to confirm this bullish outlook. The daily chart shows XRP is currently trading around $2.31, aligning with the 0.382 Fibonacci retracement at $2.30. 

Screenshot 2025 11 14T101505018
XRP

If XRP breaks below the current support at $2.31, the next key Fibonacci support at $2.21 (0.236 retracement) would come into play, potentially signaling further downside. 

Notably, the support around $2.2172, at the 0.236 Fibonacci level, is vital for any potential bullish reversal. If XRP holds above this level, it could suggest a move back toward the resistance zone around the $2.50 range.

On the technical indicators, the MACD line is above the signal line, suggesting short-term bullish momentum. The histogram also shows positive readings, which indicates that the recent downtrend is losing strength and there is a potential for upward momentum.

The MACD’s bullish crossover, combined with the histogram’s positive momentum, could signal that the market sentiment is shifting and a rebound in price might be on the horizon.

XRP Liquidation Data

Meanwhile, the liquidation data for XRP, sourced from Coinglass, highlights significant market volatility. In the past 24 hours, $28.00 million in XRP positions faced liquidation, with long positions leading at $24.94 million, compared to just $3.06 million in short positions. This suggests traders holding long positions were caught off guard as the price pulled back.

Screenshot 2025 11 14T104248040
Coinglass

On shorter timeframes, liquidations were even more pronounced. In the 1-hour timeframe, liquidations totaled $1.00 million, with shorts at $675.41K and longs at $328.91K.

The 4-hour timeframe saw $8.54 million in liquidations, with long positions again dominating. The high number of long liquidations signals a shift in market sentiment, urging caution if XRP’s price continues to consolidate.

Expert Says Shiba Inu Holders Deserve Nobel Prizes: Here’s Why

Lele Jima
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Expert Says Shiba Inu Holders Deserve Nobel Prizes: Here’s Why

Blockchain advisor Anndy Lian has criticized the growing hype around new meme-coin traders, arguing that long-term Shiba Inu holders deserve Nobel prizes.

In a recent tweet, Lian pushed back against a wave of social media praise directed at a trader who held a newly launched Solana meme coin through severe volatility.

He noted that the individual was being celebrated for showing “conviction” after holding a three-day-old token and suffering a $30,000 loss within just 24 hours.

Shiba Inu Holders Endured Extreme Volatility

Lian suggested that the development pales in comparison to the long-term commitment shown by investors in established meme coins, such as Shiba Inu and Dogecoin.

Indeed, Shiba Inu holders have experienced extreme volatility over the years, ranging from massive price surges to significant drawdowns.

Launched at an initial price of $0.000000000056 in August 2020, Shiba Inu climbed to an all-time high of $0.00008845 in October 2021. Ever since, the token has plummeted heavily, dropping 89.68% from its ATH to $0.000009122.

Meanwhile, amid the recent market downturn, Shiba Inu has plunged 5.47% over the past 24 hours to $0.000009122. It has posted a seven-day loss of 1.05%, a 13.94% decline over the past month, and a 56.4% drawdown this year alone.

Long-Term Shiba Inu Holders Deserve Nobel Awards

Although some traders liquidated their SHIB holdings, many others have remained resilient. As reported in May, over 1.17 million Shiba Inu holders had been holding SHIB for over a year, enduring significant volatility within this period.

In Lian’s view, true conviction is demonstrated by long-term investors who have held Shiba Inu through years of volatility, not by short-term speculators riding the overnight swings of newly minted Solana meme coins. He disclosed that he is among the investors who have held Shiba Inu for several years.

According to him, if enduring a $30,000 drawdown in 24 hours on a three-day-old Solana meme coin counts as conviction, then long-term Shiba Inu holders deserve Nobel prizes for enduring years of market swings.

He argues that recognition should go to Shiba Inu investors, who have weathered years of extreme volatility, rather than new traders who have only experienced a fraction of what the SHIB community has faced.

Over $1B Liquidated in a Day as Bitcoin Dips to $96K

Zabi
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Over $1B Liquidated in a Day as Bitcoin Dips to $96K

The crypto market experienced pronounced volatility today as Bitcoin declined below the $100,000 threshold once again.

According to CoinGlass data, crypto traders saw $1.10 billion in forced liquidations during the last 24 hours. Specifically, long positions accounted for the majority of losses, totaling $969.01 million, while short liquidations reached $128.12 million. The liquidation spike accelerated in the final 12 hours, rising from $564.83 million earlier in the day.

Liquidation snapshot
Liquidation snapshot

Bitcoin Drops Below $100,000 Again

CoinGecko data indicates that Bitcoin dropped to $96,910 on November 14, marking its third dip under $100,000 this month. Earlier lows included $99,607 on November 5 and $99,376 on November 7.

The latest drop represents a 23% pullback from Bitcoin’s recent high of $126,080, recorded on October 6.

Altcoins Sink as Market Sentiment Weakens

The market downturn extended well beyond Bitcoin, pulling major altcoins into sharp declines. Ethereum fell 11% to trade near $3,154, while Solana dropped 10% to around $141. XRP also retreated, losing 9% to reach $2.28. 

The coordinated pullback across leading tokens illustrates the fragility of market sentiment, as traders reduce exposure amid rising volatility.

Red crypto market amid dips
Red crypto market as Bitcoin dips

US Selloff and Gold Rally Pressure Bitcoin

In a post on X, crypto analyst Satoshi Stacker reported renewed selling from US traders. He cited a continued Coinbase BTC discount, which often signals stronger domestic selling. According to Stacker, this pressure helped push Bitcoin below the $100,000 level.

Trader Maartunn highlighted the $100,000 mark as a key liquidity zone. Meanwhile, analyst Ghost added that the fall ended Bitcoin’s 189-day streak of closing above the $100K level, a run that began on May 8.

Furthermore, market strategist Liz Thomas pointed to a growing divergence between Bitcoin and gold. According to her, recent dollar weakness helped gold, but Bitcoin failed to benefit from the same trend.

Prediction Market Sees More Downside Ahead

Similarly, sentiment across leading prediction platforms reflects a marked increase in caution among market participants.

On Polymarket, traders attributed a 66% probability to Bitcoin reaching $95,000 before the end of November. Concurrently, participants on Kalshi assigned a 67% likelihood to Ethereum declining below $3,000.

Analyst Spots Potential Shiba Inu 150% to 500% Moves

Albert Brown
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Analyst Spots Potential Shiba Inu 150% to 500% Moves

Shiba Inu is approaching a major support level that an analyst says could set the stage for a significant bullish move.

A TradingView crypto analyst, Kledji Cuni, highlighted that the $0.0000067 area has historically marked cycle lows for SHIB. The meme coin has been trading in a narrow range for months, suggesting that buyers are defending this zone and preparing for a potential move.

Notably, Shiba Inu trades at $0.000009185, representing a 6% decline over the past day, which has increased its total loss to 14.5% over the past month. However, it trades 53% above this support zone.

Shiba Inu Shows Signs of Long-Term Accumulation 

On the weekly chart, SHIB exhibits a multi-year downtrend that shifted into consolidation from June to October 2023, following a steep decline that followed the explosive rally of 2021. 

Shiba Inu
Shiba Inu

Notably, amid this downtrend, the price repeatedly retested the same support zone at $0.0000067 from 2022 to 2024, and each retest led to a recovery push.

Now, SHIB seems to be approaching the $0.0000067 bottom. This multi-year accumulation suggests the bearish phase is ending. Notably, this move sets the stage for a strong recovery, especially if the support holds strong again upon retest.

The analyst also described this support area as one of the lowest trading zones SHIB has revisited in several years, also noting that it has triggered bullish reactions in past market cycles.

Interestingly, Cuni noted that it is impossible to determine when the next significant move may occur. However, he outlines three upside levels at $0.0000170, $0.0000320, and $0.0000420, corresponding to gains of 150%, 368% to 512%.

Other Analysts See Gradual Gains 

Analyst Shib Knight also noted that SHIB has been holding firm in its lower range. He described the price action as “lowkey green” despite broader market uncertainty and suggested the current zone could provide a solid accumulation opportunity. 

Image

Knight said he plans to continue dollar-cost averaging at this level, assuming Bitcoin remains stable and altcoin sentiment remains undisturbed.

Meanwhile, TradingView analyst Swallow Academy indicated that SHIB is gearing up to challenge the $0.00001256 level, which coincides with its 200-day EMA.

He noted that the token must first clear the $0.000011–$0.000012 range, warning that repeated rejections in this area make patience essential.

Similarly, MMBT Trader highlighted that a successful break above $0.00001270 could trigger a rally of up to 94%.

Analyst Eyes 25% ADA Rebound as Cardano Price Hits Crucial Support

Mark Brennan
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Analyst Eyes 25% ADA Rebound as Cardano Price Hits Crucial Support

The Cardano (ADA) price is testing a crucial support level after a significant decline, with fresh signals suggesting a rebound as bearish momentum fades. 

A fresh update from TradingView analyst “AltcoinPiooners” shows that the altcoin has been sliding within a descending channel in recent days.  According to him, ADA looks set to regain upward momentum as it consolidates within a crucial support zone that has previously triggered multiple bullish bounces.

Notably, ADA trades at $0.519, a 7.3% decrease in the past day, which translates to a modest 3.3% weekly decline. Following this recent downtrend, ADA has seen a 24.9% drop in the past 30 days.

Cardano Key Support and Resistance Levels

Since reaching $0.608 on November 11, ADA has been falling within a clear descending channel pattern. AltcoinPiooner’s latest analysis shows that the ADA price has been consolidating around the $0.513–$0.5208 support region in recent days.

Citing market conditions such as fading sellers’ momentum evident in low-volume dumps, the analyst says ADA is primed for a rebound. Coupled with the Relative Strength Index (RSI) sitting at 33, which implies oversold, and bullish signals from the Moving Average Convergence Divergence (MACD), he expects ADA to hold the $0.5208 support.

Indeed, this support zone has repeatedly triggered upward momentum in recent days. On November 6, ADA fell to the $0.5208 zone but later rebounded 5.6% to $0.5499.

Again, the ADA price retested this support level on November 7, and this time, it rallied by over 13% to surpass $0.59 the following day.

While ADA’s price fell to $0.513 on November 14 due to a broader market crash amid the U.S. government reopening, AltcoinPioners predicts a rebound to the descending channel top and other targets.

Ada

Possible Upside Targets for ADA

First, the analyst expects Cardano to bounce back to $0.58 in the short term. This translates to an 11.54% increase from ADA’s current price of $0.52 at press time.

He further expects ADA to reach $0.65 if buyers build momentum to break the $0.608 resistance zone, seen at the top of the descending channel.

Notably, the ADA price would need to increase by 25% from current levels to reach that target. While warning of a possible decline below the crucial $0.52 support level, he remained bullish as the RSI shows an oversold market condition.

In a previous report, AltcoinPiooner argued that a deeper correction below this level is unlikely. Meanwhile, another market watcher has projected an even stronger price 97% for Cardano once bulls regain strength.

Taiwan Explores Bitcoin for Strategic Reserve Holdings

Zabi
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Taiwan Explores Bitcoin for Strategic Reserve Holdings

Taiwan is moving closer to formally studying Bitcoin as part of its national strategic reserves, amid growing political support and rising concerns over currency stability.

In a post on X, legislative Yuan member Cho Jung-tai confirmed that both the central bank and the premier’s office have agreed to review Bitcoin’s potential use in national reserves.

Specifically, he noted that officials will examine regulatory options, create a policy framework, and test limited Bitcoin holdings. According to Cho, the trial phase may begin with seized Bitcoin currently awaiting auction.

Notably, Cho began exploring the concept in May 2025 after meeting with Samson Mow, CEO of JAN3. Following that meeting, Cho stated that Bitcoin could both strengthen Taiwan’s national security and enhance long-term financial resilience.

Currency Volatility Fuels Calls for Diversification

Taiwan’s interest in Bitcoin comes at a time of pronounced currency turbulence, as shifting U.S. tariff policies have driven significant volatility in the New Taiwan Dollar this year.

To counter this, the central bank purchased $10.12 billion in May, a move aimed at stabilizing the currency.

Although the intervention eased short-term pressure, it also reignited debate over the island’s dependence on U.S. dollar assets.

Former Premier Calls for Broader Reserve Strategy

Former Premier Chen Chong has long warned that Taiwan relies too heavily on the U.S. dollar. For instance, in 2023, he criticized Taiwan’s limited gold reserves, observing that France and Germany hold considerably larger amounts of gold.

Chen has since argued that the central bank stayed too focused on stable, U.S.-linked assets, thereby creating concentration risks.

Similarly, Chinese Nationalist Party (KMT) Chairman Eric Chu questioned Taiwan’s large holdings of U.S. debt. He asked how much of those assets Taiwan could actually redeem during a crisis.

Diversification Trend Extends Beyond Taiwan

Meanwhile, global reserve managers are moving in a similar direction. A recent survey of 75 central bank managers found that 60% plan to diversify their portfolios within the next two years.

Additionally, 73% expect the share of U.S. dollars in global reserves to decline due to geopolitical tensions and policy uncertainty.

Furthermore, several countries have begun exploring Bitcoin as part of their fiscal strategy. The United States recently created a Strategic Bitcoin Reserve under President Donald Trump. Similarly, El Salvador and Argentina have adopted policies promoting Bitcoin to address inflation and dependence on centralized monetary systems.

If Taiwan adopts even a limited Bitcoin reserve plan, it could lead the region in digital asset adoption. Such a shift could influence how other Asian economies evaluate Bitcoin’s role in traditional financial systems.

XRP Is One of Few Tokens That Successfully Turned Into Money: Mike Novogratz

Abdulkarim Abdulwahab
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XRP Is One of Few Tokens That Successfully Turned Into Money: Mike Novogratz

Galaxy Digital CEO Mike Novogratz has offered another direct praise for XRP, acknowledging its distinctive evolution.

Speaking in an interview with CoinDesk, he said XRP has achieved something “really, really complicated” in crypto: becoming money. 

Novogratz reflected on how XRP defied expectations, transformed its narrative, and built a community strong enough to turn a token into a functioning monetary asset.

Turning a Token into Money Is Extremely Difficult, But XRP Did It

In the interview, Novogratz discussed how rare it is for a crypto asset to evolve beyond speculative trading and become something people genuinely treat as money. He said that only a few tokens have ever crossed that threshold, and XRP is one of them.

“How do you turn something from being a token into money? It’s really, really complicated and difficult,” he said. “So far, we’ve had a few that have done it. XRP has done it. And that surprised everybody.”

When asked whether it surprised him personally, Novogratz admitted it did. Even as Galaxy Digital remained a significant shareholder in Ripple, he shared the same early doubts about XRP that many critics vocalized over the years.

Why XRP Surprised Novogratz

Novogratz acknowledged that he once questioned the decentralization, structure, and purpose of XRP. He said he viewed XRP as “less decentralized” and “not a true blockchain” by the standards of early crypto purists. But with time, those criticisms did not matter as much as he expected.

What changed his view was not just Ripple’s growth into what he previously called a “real institution,” but the sheer force of the XRP community. The token’s global base maintained conviction during bear markets, regulatory challenges, and years of skepticism from mainstream crypto voices.

According to Novogratz, that fierce community reshaped XRP’s destiny. 

“They built a fierce community of people that believed in their narrative and turned it into money. And for them, it’s money,” he said.

Notably, this comment aligns with statements he made in 2023, where he admitted he had been “dead wrong” about XRP.

Novogratz has repeatedly highlighted that community is now one of the most important forces in crypto. 

In previous interviews, he compared XRP’s supporter base to Bitcoin’s, noting that both tokens serve as places people choose to store value because of belief, culture, and shared identity, not just technology.

He has also pointed to brands like Tesla to show how strong communities can push assets to valuations that defy old financial models. In his view, XRP follows that same pattern as it embodies a powerful narrative supported by a loyal community.

For the XRP Army, Novogratz’s latest admission serves as fresh validation, especially as XRP ETFs are going live and setting new records for 2025.

Expert Says 12 XRP ETFs Could Bring in $2.94B in a Day: Here’s How

Albert Brown
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Expert Says 12 XRP ETFs Could Bring in $2.94B in a Day: Here’s How

A market commentator has detailed how 12 XRP ETFs could bring in nearly $3 billion if they matched the Canary Capital ETF’s strong debut figures.

After months of anticipation, the first pure spot XRP ETF, the Canary Capital XRP ETF (XRPC), opened trading and performed exceptionally. By the end of its first day, the fund recorded $58.5 million in trading volume. 

Canary XRP ETF Boasts Strong Debut

Notably, this performance edged out the Bitwise Solana ETF (BSOL), which closed its own first session with $57 million, giving XRPC the strongest first-day volume of any ETF launched this year. The fund also attracted an impressive $245 million in net inflows on day one.

Despite these impressive figures, XRP did not show the reaction many investors expected. XRP currently trades around $2.30 and slipped more than 6% over the past 24 hours. 

This triggered questions across the community. To address the confusion, game designer and well-known XRP advocate Chad Steingraber explained why ETF flows do not impact prices immediately.

How 12 XRP ETFs Could Bring in $2.94B in Netflows

Steingraber claimed that ETFs follow a T+1 settlement cycle. He explained that the $245 million in net inflows from XRPC’s first day would only turn into XRP purchases the following day. 

According to him, once the inflow reaches authorized participants, the ETF machinery begins acquiring the underlying asset. However, Bloomberg ETF analyst James Seyffart debunked this, suggesting that the price impact has already happened.

The market pundit then tried to estimate how this could scale across the entire ETF lineup. Using XRPC’s debut inflow of $245 million as a base number, he suggested that if all 12 XRP ETFs bring in $245 million each, this would lead to a combined $2.94 billion in daily net inflows.

Steingraber then assumed a 100x market-cap multiplier, suggesting that the $2.94 billion inflow would push XRP’s market cap to $294 billion. Since XRP’s current market cap sits at $138.6 billion and its circulating supply stands at 60 billion, this scenario would push XRP’s valuation to about $432.6 billion, leading to a price near $7.21.

Some Notable Limitations

However, this projection has some limitations. Even though the market lists more than 12 XRP ETFs, only 8 of them hold spot exposure. The rest are futures-based products that never buy actual XRP, so they cannot influence its price the way many investors assume. 

Notably, some of these futures-focused products already trade and have not produced any noticeable effect on XRP’s market behavior. One of the eight spot ETFs, the REX-Osprey fund, does not offer pure spot exposure and launched almost two months ago without any visible impact.

Also, there is no guarantee that the remaining spot ETFs looking to launch will match XRPC’s impressive debut. Also, even if they attract similar strong inflows, most of their early buying will likely route through over-the-counter desks. These desks allow large funds to acquire assets efficiently but usually create little immediate movement on public price charts.

As a result, investors should see these projections as possibilities rather than guarantees. Even so, the strong debut of XRPC shows growing institutional interest in XRP, and continued ETF adoption could eventually support prices in the same way Bitcoin ETFs supported BTC.

Ripple CEO Says It’s Finally Happening For XRP: Details

Lele Jima
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Ripple CEO Says It’s Finally Happening For XRP: Details

Ripple CEO Brad Garlinghouse has taken to X to showcase his longstanding anticipation for meaningful institutional engagement with XRP-based investment products. 

XRP captured investors’ attention yesterday after the first-ever spot-based ETF tied to the token from Canary Capital commenced trading on a U.S.-based exchange. The Canary XRP ETF (XRPC), which debuted on Nasdaq, recorded an astounding $26 million in trading volume within the first 30 minutes. 

Bloomberg’s Senior ETF Analyst Eric Balchunas highlighted this incredible feat shortly after trading commenced, noting that the fund exceeded his initial $17 million volume estimate within the first 30 minutes of trading. 

Ripple CEO Reacts 

Interestingly, Ripple CEO Brad Garlinghouse also took notice of the product’s impressive early performance. Celebrating the milestone, Garlinghouse remarked that “it is finally happening,” reflecting his long-held optimism about the arrival of an XRP ETF. 

 

Even amid the prolonged SEC v. Ripple legal battle, Garlinghouse had maintained that an XRP ETF is inevitable, signaling his confidence that such a product would eventually make it to market. 

At the time of Garlinghouse’s earlier remarks, many doubted the likelihood of a spot XRP ETF, mainly due to the token’s entanglement in the SEC lawsuit. That skepticism faded after the case’s resolution, paving the way for the first spot XRP ETF to debut on a U.S.-based exchange.

With the Canary XRP ETF posting strong early trading volume, Garlinghouse’s latest comments signal that real institutional and retail demand exists for XRP-based investment products. It also reinforces his longstanding conviction that an XRP ETF is inevitable.

XRPC Outperforms 900 ETFs in Trading Volume 

Meanwhile, Garlinghouse’s remarks came before U.S. markets closed. By the end of the trading session, the Canary XRP ETF had reached $58 million in first-day volume. According to Balchunas, this made XRPC the highest-volume ETF launch of the year, outperforming more than 900 ETFs introduced during the same period. 

XRPC only narrowly edged out the Bitwise Solana Staking ETF (BSOL), which recorded $57 million in debut-day volume. Nonetheless, Balchunas emphasized that both XRPC and BSOL are in a league of their own, as the next-highest ETF launch trailed by more than $20 million in volume. 

Besides its outstanding first-day volume, the Canary XRP ETF also posted a net inflow of $245 million on its debut. 

Here’s Why XRP Price Has Not Spiked Despite Canary XRP ETF Seeing $245M in First Day Flow

Sam Wisdom Raphael
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Here’s Why XRP Price Has Not Spiked Despite Canary XRP ETF Seeing $245M in First Day Flow

The Canary Capital XRP ETF (XRPC) performed incredibly on its first day, but investors have expressed concerns over XRP price stagnation.

Within the first 30 minutes of trading, the Canary Capital XRP ETF pulled in $26 million in volume, outperforming the expectations earlier shared by Bloomberg ETF analyst Eric Balchunas.

Eric Balchunas on X
Eric Balchunas on X

Canary Capital XRP ETF Outperforms Expectations

Interestingly, by the close of its first day, the ETF reached $58.5 million in volume, outperforming the newly introduced Bitwise Solana ETF (BSOL), which recorded $57 million. This performance made XRPC the ETF with the highest first-day volume so far this year, dethroning BSOL.

Moreover, XRPC drew $245 million in net inflows on day one. For comparison, BlackRock’s Ethereum ETF brought in $266.5 million in net inflows during its first trading day, while all Ethereum ETFs combined posted $106 million because of outflows from the Grayscale product. 

However, despite the strong results, XRP’s price has not rallied. Specifically, XRP climbed to $2.52 on Nov. 13 but later dropped and closed the day down 2.78% at $2.32. 

At the time of writing, XRP is down 6.79% in the last 24 hours, performing worse than Bitcoin (-2.91%) and Ethereum (-6.6%). Still, XRP holds a 3.6% gain over the past week, outperforming every other top-ten crypto asset and standing as one of only two top-ten assets with weekly gains.

Why is XRP Price Down?

Nonetheless, the sharp 24-hour decline has raised concerns among investors who expected an immediate reaction to the ETF launch. Reacting to this, Nick, the founder of The Web Alert, explained why XRP has not seen a price spike. 

At the time of his disclosure, XRPC had only seen modest inflows. First, he pointed out that the roughly $40 million in inflows then remained too small compared to XRP’s total market cap to move the spot price in a noticeable way. 

Secondly, he added that the broader crypto market continues to struggle as Bitcoin sells off, which drags down almost every major asset. For context, Bitcoin has lost both the $100,000 and $99,000 support levels, now trading for $98,808.

For the third reason, Nick noted that ETFs rarely trigger instant price jumps. He called attention to the fact that Bitcoin faced the same situation in January 2024 when its spot ETFs went live, only to rise later. 

The market commentator said the launch of a fully spot-based XRP ETF is a major development and insisted that institutional demand has already arrived and continues to grow. 

In addition to Nick’s comments, another reason the XRP price has not witnessed an immediate reaction is that spot ETFs use paper contracts, and issuers have 24 to 48 hours before they must buy the underlying XRP. This method delays the demand impact necessary for pushing prices up.

XRP Price Outlook

Meanwhile, market analyst DustyBC also commented on the recent price movement. He called the day’s swing unexpected and pointed out that both stocks and crypto fell while the DXY climbed after an early drop. 

Despite this, the analyst asked traders to look at the bigger picture. He said XRP still trades within its current pattern and that the recent liquidation event has already completed the correction. Based on this, he expects a breakout above a descending wedge soon, which will happen when XRP crosses the $2.7 mark.

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