Is XRP Ready to Knock Ethereum Off Its Pedestal? The Chart Says Maybe!

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Well, well, well, it seems XRP is currently playing a little game of hopscotch with Ethereum’s throne. Trading at $2.42, with a modest 24-hour volume of $5.1 billion (because why not?), XRP has taken a slight tumble, down 3% in the last 24 hours and a very dramatic 15% over the past week.

But hold on! Before you panic and start throwing your XRP into the nearest volcano, don’t forget that technical charts are like those dodgy fortune tellers who sometimes get it right-kind of. It looks like XRP could be planning a little surprise party for Ethereum. 🎉

Falling Wedge Pattern: A Clue That XRP Might Just Be Stretching Before It Pounces

According to CryptoBull (because, of course, that’s the name of an actual person, right?), XRP is forming something called a “falling wedge” pattern. No, it’s not some new hipster dance move, it’s a technical chart pattern that typically signals an upcoming reversal. Imagine two downward sloping trendlines closing in on each other, like an overenthusiastic embrace. XRP’s currently hanging out near the bottom of this wedge, at 0.0006 ETH, which is like a suspenseful movie, just waiting for the big plot twist. 🎬

#XRP is about to reach the end in this giant falling wedge against Ethereum. This is a structure that usually moves to the upside suggesting that XRP will outperform Ethereum in the coming weeks!

– CryptoBull (@CryptoBull2020) October 15, 2025

If XRP manages to break above the wedge’s upper boundary (because, you know, why not?), it could begin clawing its way past Ethereum. If it clears the 200-day moving average, which is still acting like a moody gatekeeper, that could be the confirmation signal. Until then, XRP is just chilling within a narrowing range, like a cat eyeing a laser pointer. 🐾

But wait, there’s more! XRP has also surged above a long-standing falling channel on the BTC pair-yes, that’s been in place since 2017. A few months ago, it broke out of this channel and, lo and behold, moved above the 50-period exponential moving average, according to EtherNasyonaL’s highly dubious but fun chart.

After this breakout, XRP went sideways, like it was taking a nap to gather some strength for the next big move. It recently dipped a bit, just to test its newfound support, but lo and behold, it stayed above its old resistance line, which is now acting as a nice cozy cushion for the price. This all suggests that long-term buyers are still holding onto their XRP like it’s the last slice of pizza at a party. 🍕

Historical Levels: The $2 – $3.3 Rollercoaster

On the XRP/USD chart, the token seems to have settled between $2 and $3.3. These price points represent the highs from 2021 and 2017, respectively. According to EtherNasyonaL (because who doesn’t trust someone with a name like that?), XRP is currently stuck in a “reaccumulation phase.” In layman’s terms, it’s like the asset is preparing for something big but is waiting for the perfect moment to strike.

“Price is stuck in the reaccumulation phase between the 2017 peak at $3.3 and the 2021 peak at $1.96.”

If XRP breaks above the $3.3 mark, we could be in for a rollercoaster ride that would make even the most experienced crypto traders grab onto their hats. 🎢

Ripple’s Latest Power Move: A Partnership With Absa Bank

In a move that screams “Look at me, I’m important,” Ripple has partnered with South Africa’s Absa Bank to manage tokenized assets using Ripple’s custody platform. This is part of Ripple’s grand plan to infiltrate African financial markets with its shiny new tech stack. Meanwhile, the US SEC is still taking its sweet time reviewing crypto ETF filings. You know, typical government bureaucracy. 🕵️‍♂️

So, in short: XRP might just be gearing up for a big run against Ethereum. Will it succeed? Well, it’s crypto, so anything can happen, but the charts seem to be whispering sweet nothings about a potential turnaround. Stay tuned. 📉📈

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2025-10-16 10:35