XRP Price Classical Pattern Points to a Rebound as XRPR ETF Hits $100M Milestone

crispus
Updated
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XRP Price Classical Pattern

Highlights

  • XRP price has slowly formed the highly bullish inverse head-and-shoulders pattern on the four-hour chart.
  • The recently-launched XRP ETF has crossed the $100 million milestone in terms of assets.
  • The Ripple USD (RLUSD) stablecoin is nearing the $1 billion milestone.

XRP price remains under intense pressure as woes in the crypto market industry continue. Ripple token was trading at $2.4 today, Oct. 22, down by 23% from its highest point this month and 35% from the year-to-date high.

Frequently Asked Questions (FAQs)

1. What is the most likely XRP price prediction?

Technical analysis suggests that the XRP price may rebound in the coming days as it has formed an inverse head-and-shoulders pattern on the four-hour chart.

2. Is XRP a good cryptocurrency to buy today?

The token may bounce back in the coming days, making it a good token to buy. It also has more bullish catalysts that will boost its price.

3. Why is XRP ETF gaining traction?

Wall Street investors believe that there are bullish catalysts that will boost the XRP price in the near term, which explains why they are buying.
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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP

XRP

$2.3940 -3.64%

24 Hours volume

$4.13B

Market Cap

$143.58B

Max Supply

100B

Buy $XRP with BitGet
About Author
About Author
Crispus is a seasoned Financial Analyst at CoinGape with over 12 years of experience. He focuses on Bitcoin and other altcoins, covering the intersection of news and analysis. His insights have been featured on renowned platforms such as BanklessTimes, CoinJournal, HypeIndex, SeekingAlpha, Forbes, InvestingCube, Investing.com, and MoneyTransfers.com.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.