As the week commenced with the vigor of a stampede of over-caffeinated peacocks, CoinMarketCap declared the bulls had bested the bears in a contest of endurance that would have made a gladiator blush.
XRP/USD
The XRP rate, in a display of modesty befitting a Victorian parson, rose by a mere 3.18% in the last 24 hours-a figure so pedestrian it could only be described as “respectable” in polite society.
On the hourly chart, XRP executed a false breakout of the local resistance at $2.4783, a feat akin to a magician pulling a rabbit from a hat only to reveal it’s a tax bill. With most of the daily ATR already squandered, the market now dawdles like a toddler at a tea party, unlikely to stir before bedtime.
On the grander stage of time, the bullish chorus grows louder. Traders are advised to fixate on the daily bar’s closure near $2.4665, a price point so tantalizing it could make a monk weep into his lentils. Should this level be breached, the accumulated energy might just propel XRP into the $2.60-$2.70 range-assuming the market isn’t too busy playing chess with its own shadow.
From a mid-term perspective, the volume remains as thin as a politician’s promise. Sideways trading prevails, as if the market has contracted a case of indecisiveness and is now debating whether to blink.
XRP, in its infinite wisdom, was trading at $2.46 at press time-a price so unremarkable it could pass for the cost of a latte in 1998. 🍵
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2025-10-20 17:59