Oh, XRP! Plunges Into The Abyss – Can It Rise Like a Phoenix?

by

Ah, the once-proud XRP, now languishing at $2.20, having lost over 10% of its luster in just a week. Traders are rubbing their chins, wondering if the heavens will finally offer a short-term reprieve, or if we’re in for more of the same misery. The market watches, as ever, with baited breath. 🙄

Volume? Oh yes, it’s still high, dear reader. But the real question: can these technical levels, which have sparked previous hopeful rebounds, work their magic again? Will it be a phoenix rising from the ashes, or just more ashes? Time will tell. ⏳

Oversold? More Like Overdramatic!

Ah, the Stochastic RSI – our old friend, always ready to announce that the coin has entered oversold territory, complete with dramatic flair. A current weekly reading of 2.73, deep in the bottomless pit of despair. But wait! Don’t jump to conclusions just yet. In past tragicomic cycles, such dips have heralded epic rallies – we’re talking 53%, 216%, and a showstopping 591%. Is this the plot twist we’ve all been waiting for? 🤔

Steph Is Crypto – a name that sounds like it belongs in an action movie – has shouted to the heavens that “$XRP is oversold!”. She has the receipts to prove that similar setups have led to mighty recoveries. But of course, as always, the real question remains: can the price structure summon enough willpower to turn this ship around? 🛳️

Meanwhile, on the daily chart, a little divergence has appeared. XRP’s price might be making lower lows, but the RSI is like “nah, we’re good,” showing higher lows. EGRAG CRYPTO chimes in, claiming this signals that downward pressure might be easing. But don’t pop the champagne just yet – we need confirmation. That means XRP needs to shake off its slump and reclaim some resistance. A tall order, indeed. 🍾

#XRP – Testing The Descending Channel:

– EGRAG CRYPTO (@egragcrypto) November 18, 2025

And now, we find XRP at a critical juncture: the upper boundary of a descending channel that has marked its decline since the dawn of 2025. Hovering just above $2.19-$2.20, it’s as though the coin is standing at the edge of a cliff, contemplating whether to leap into the void or pull a dramatic turnaround. Could this be the ultimate test? 🤷‍♂️

Fibonacci fans, rejoice! There are potential targets of $2.78, $4.41, and $5.21 ahead, with the first key resistance at $3.40. Traders are brimming with cautious optimism, recalling how XRP pulled off a miraculous rally from this same range in late 2024. The stage is set for a repeat performance – but will it happen? Only the crypto gods know. 🙏

Exchange Inflows – Not So Subtle Hints of Trouble

Ah, the sweet scent of Binance inflows. XRP saw some hefty deposits into its exchange wallets on October 25 and November 15. Over 70 million tokens, a veritable flood of desperation or opportunity, depending on how you spin it. These events unfolded against a backdrop of declining prices, leading to the dreaded question: Is more selling on the horizon? 🤔

When the inflows are this large, it’s often a signal of increased selling pressure. And given the timing, it seems some holders might have been looking for the exit, further adding to the drama of the ongoing correction. Who doesn’t love a good plot twist? 🎭

As if this weren’t enough, Glassnode’s recent data reveals that nearly 42% of XRP holders are currently nursing losses. Will this be the catalyst for a rally, or the final nail in the coffin? Stay tuned. 📉

Read More

2025-11-18 19:33