{"id":56331,"date":"2025-11-03T12:31:46","date_gmt":"2025-11-03T12:31:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=56331"},"modified":"2025-11-03T12:31:46","modified_gmt":"2025-11-03T12:31:46","slug":"xrp-at-a-crossroads-drop-to-2-next-or-breakout-brewing","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=56331","title":{"rendered":"XRP at a Crossroads: Drop to $2 Next or Breakout Brewing?"},"content":{"rendered":"
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XRP has fallen to $2.40 after a 5% drop over 24 hours and 8% decline over the past week. The recent pullback began from the $2.70 level, which analysts mark as the top of a correction phase.<\/p>\n

As the asset approaches key support zones, short-term pressure continues while longer-term patterns remain intact.<\/p>\n

Correction Nearing Key Support Zone<\/h2>\n

Analyst ChartNerd shared that the current drop aligns with the fifth wave of a larger correction, which started after XRP reached $2.70. Price action since then has followed a five-wave structure, with the final leg possibly ending near $2.00. The area just above this level, labeled as vertical accumulation support, has held during past pullbacks. ChartNerd added<\/a>,<\/p>\n

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\u201cPossible wick to $2 possible,\u201d while also noting that \u201cno macro structure has been lost.\u201d<\/p>\n<\/blockquote>\n

This suggests the broader trend has not been invalidated. The asset continues to trade within a rising channel, and support levels from previous cycles remain in place. A reversal near $2.00 could confirm the completion of this wave.<\/p>\n

\"XRP<\/a>
Source: ChartNerd\/X<\/figcaption><\/figure>\n

Meanwhile, XRP has now spent over a year trading above its 2021 highs and prior all-time high candle closes.<\/p>\n

Short-Term Chart Points to Weakness<\/h2>\n

Separate analysis from Ali Martinez shows bearish movement in the short-term outlook. The 4-hour chart reveals XRP was rejected near $2.57 and has since slipped below $2.45. A lower high pattern is forming, with downward pressure from moving averages contributing to continued weakness.<\/p>\n

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$XRP<\/a> showing signs of weakness. A retest of $2.25 might be next! pic.twitter.com\/RMYX15hbRt<\/a><\/p>\n

\u2014 Ali (@ali_charts) November 2, 2025<\/a><\/p>\n<\/blockquote>\n