Investors Brace for XRP Rollercoaster: Will It Soar or Sink?

Ah, XRP, the cryptocurrency equivalent of a cat on a hot tin roof-back again at a level that traders remember with a mixture of nostalgia and mild horror. On that fateful day of October 10, it experienced a flash crash so dramatic that one could almost hear the collective gasps of investors echoing through cyberspace. The price plummeted from a dizzying $2.82 to an almost embarrassingly low $1.58 before bouncing back like a rubber chicken on a trampoline, landing at $2.36.

And now, here we are, months later, with XRP poking its head into that same treacherous zone, albeit this time without the volatility spike that made it such a thrilling ride before. As of this very moment, the noble XRP is trading at about $1.44, down a soul-crushing 10.4% in the last 24 hours. It appears the selling pressure is like a persistent rain cloud hovering over a picnic, pushing XRP right back to those oh-so-memorable flash crash lows. The next burning question is: what on earth happens now?

The Importance of the October 10 Wick Low (Or, Why We Can’t Let Go)

According to the technical wizardry of crypto analyst Hov-who, let’s be honest, sounds like he should be wearing a wizard’s hat-the October 10 wick low has become something of a sacred relic on XRP’s weekly candlestick chart. During the great flash crash of 2025, XRP plummeted to about $1.58, where panic ensued, only for the price to bounce back with all the grace of a startled gazelle once forced liquidations were cleared. But now? Now things are looking as different as a cat wearing a bowtie.

XRP has not only revisited this wick low but also managed to dip just below it, as if trying to see what lies in the dark abyss of bearish trading. Hov suggests that things are beginning to take shape, though what shapes exactly is still up for debate.

In Hov’s mystical analysis, XRP is supposedly in the last throes of an expanded flat correction-no, not a new diet fad, but a wave pattern where the current decline is dubbed the C-wave. And within this C-wave lurks an ending diagonal, known for its penchant for overlapping price action, compressed ranges, and false breakdowns that send late sellers scurrying like cockroaches when the light turns on.

If this structure can hold together like an old sandwich, XRP might just slide into a stabilization phase, possibly reversing its fortunes. If not, well, let’s just say the corrective phase is still strutting around, waiting for its moment in the limelight.

$1.43: The Line in the Sand (or Perhaps a Line in the Mud)

The key takeaway as we wade into the murky waters ahead is how XRP behaves at the magical $1.43 mark on the weekly timeframe. Technical analysis indicates this level is crucial for XRP to maintain any semblance of structural integrity. A slip below $1.43 would spell doom for the ending diagonal theory and shift the outlook to distinctly bearish territory. As Hov puts it, that’s where “things get real ugly real quick”-and no one wants that kind of drama.

The optimistic scenario also hinges on XRP managing to cling to this $1.43 lifeline. Should it do so, projections suggest a delightful bounce back to stability and a potential rise akin to a phoenix rising from the ashes-or perhaps a less poetic version involving a rubber ball. Under these circumstances, XRP would embark on an Impulse Wave V within a grand Elliott Wave structure, leading us to long-term price targets that may reach as high as $5.53. The future looks bright, assuming no unexpected meteor showers interrupt the parade.

2026-02-05 20:50

The Importance of the October 10 Wick Low (Or, Why We Can’t Let Go)

$1.43: The Line in the Sand (or Perhaps a Line in the Mud)

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