{"id":57799,"date":"2025-11-11T09:31:51","date_gmt":"2025-11-11T09:31:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=57799"},"modified":"2025-11-11T09:31:51","modified_gmt":"2025-11-11T09:31:51","slug":"ripple-xrp-structure-intact-but-a-break-below-this-line-risks-a-sharp-pullback","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=57799","title":{"rendered":"Ripple (XRP): Structure Intact, but a Break Below This Line Risks a Sharp Pullback"},"content":{"rendered":"
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Ripple\u2019s (XRP) recent uptick has pushed its weekly gains to almost 10%, with the token trading at $2.45. Despite this, data suggests that the asset is in \u201ca moment of tension rather than confirmation.\u201d<\/p>\n

Its fate now hinges on the $2.41 backtest.<\/p>\n

Crucial Fibonacci Level<\/h2>\n

In a recent market update, CasiTrades warned<\/a> traders against chasing breakouts and highlighted the need to wait for a backtest of support before entering positions. According to the crypto analyst, an important level to watch is $2.41 on Coinbase, which represents critical Fibonacci support. A reaction in this zone could determine XRP\u2019s next major move. While a short-term bounce toward $2.50 is possible, the analyst noted it remains uncertain whether such a move would sustain or lead to further downside.<\/p>\n

If the $2.41 level fails to hold, the macro 0.5 Fibonacci retracement near $2 will come into play as the next logical target. This zone fits within the broader correction pattern the analyst has been tracking. Measuring the subwaves, the structure still points toward a potential test of that $2 support before any major recovery.<\/p>\n

The outlook is also influenced by Bitcoin\u2019s price action, as it has yet to break its key resistance levels. CasiTrades observed that Bitcoin remains vulnerable to a pullback toward $97,000 or even $94,000, with invalidation only occurring if it closes above $107,000 on the 4-hour chart, a level it briefly tested but was quickly rejected from.<\/p>\n

Overall, the analyst described the market as being in a \u201cmoment of tension rather than confirmation,\u201d with clear invalidation points and a defined structure. The reaction around $2.41 will likely dictate whether XRP resumes its upward continuation or falls to retest its macro support near $2.<\/p>\n

Structural Factors, Not Short-Term Sentiment<\/h2>\n

In a statement to CryptoPotato<\/em>, Alexis Sirkia, Chairman of Ripple-backed Yellow Network, said XRP\u2019s recent price rise is mainly due to growing expectations for the launch of spot XRP exchange-traded funds (ETFs). Several issuers have updated their filings with the US Securities and Exchange Commission (SEC), while the DTCC has listed<\/a> up to nine possible XRP tickers. Investors are positioning early, expecting strong retail and institutional inflows once the ETFs go live, possibly around November 13.<\/p>\n

Sirkia also pointed to Ripple\u2019s $500 million investment and $40 billion valuation as signs of growing confidence in the XRP ecosystem. He said that major financial players like Citadel and Fortress investing in Ripple show a strong belief in the XRP Ledger\u2019s utility. According to Sirkia, XRP\u2019s next big move will likely depend on these long-term structural developments rather than short-term market sentiment.<\/p>\n

The post Ripple (XRP): Structure Intact, but a Break Below This Line Risks a Sharp Pullback<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ripple\u2019s (XRP) recent uptick has pushed its weekly gains to almost 10%, with the token trading at $2.45. Despite this, data suggests that the asset is in \u201ca moment of tension rather than confirmation.\u201d Its fate now hinges on the $2.41 backtest. Crucial Fibonacci Level In a recent market update, CasiTrades warned traders against chasing […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-57799","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57799"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/57799\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}