$XRP Will it hold above $1.26 or not? That’s the most important question during Fed week.
As of Monday (Oct. 26), XRP is trading around $1.29. But over the past month, its price is still down about 17%, and throughout October it has repeatedly failed to reclaim $1.40.
What has me on alert:
• The number of wallets holding 10–100 million XRP fell from 351 to 339 (Ali Charts data).
• XRP balances on exchanges rose by around 47 million (Santiment data).
• Large transfers to Binance briefly hit a seven-month high (CryptoQuant).
• Spot XRP ETFs recorded zero net flows on Oct. 23, after +$3.55 million the previous day.
Important note: Deposits to exchanges don’t necessarily mean the assets are being sold. They could also be custody transfers.
Levels analysts are watching:
• Support at $1.26 (the lower boundary of the descending channel since August), followed by $1.20.
• Resistance at $1.35 and $1.40.
My take: XRP isn’t collapsing, but it’s trading like a coin waiting for the macro green light. On Wednesday, Oct. 28 (1:00 a.m. WIB Thursday), we get the Fed decision; on Thursday, Oct. 29, we get U.S. PCE and GDP data. The market expects rates to hold, so the tone of the statement about December will be what moves prices. If $1.26 breaks on heavy volume, the scenario changes. If it holds, a rebound to $1.35 will be the next test.
There’s a lot of buzz around this week’s market predictions, so this could also be a good fit for those taking part in the prediction campaign.
Question: In your view, will XRP test $1.35 or $1.26 first before the Fed decision?
#XRP #BinancePick
Not financial advice. DYOR.
As of Monday (Oct. 26), XRP is trading around $1.29. But over the past month, its price is still down about 17%, and throughout October it has repeatedly failed to reclaim $1.40.
What has me on alert:
• The number of wallets holding 10–100 million XRP fell from 351 to 339 (Ali Charts data).
• XRP balances on exchanges rose by around 47 million (Santiment data).
• Large transfers to Binance briefly hit a seven-month high (CryptoQuant).
• Spot XRP ETFs recorded zero net flows on Oct. 23, after +$3.55 million the previous day.
Important note: Deposits to exchanges don’t necessarily mean the assets are being sold. They could also be custody transfers.
Levels analysts are watching:
• Support at $1.26 (the lower boundary of the descending channel since August), followed by $1.20.
• Resistance at $1.35 and $1.40.
My take: XRP isn’t collapsing, but it’s trading like a coin waiting for the macro green light. On Wednesday, Oct. 28 (1:00 a.m. WIB Thursday), we get the Fed decision; on Thursday, Oct. 29, we get U.S. PCE and GDP data. The market expects rates to hold, so the tone of the statement about December will be what moves prices. If $1.26 breaks on heavy volume, the scenario changes. If it holds, a rebound to $1.35 will be the next test.
There’s a lot of buzz around this week’s market predictions, so this could also be a good fit for those taking part in the prediction campaign.
Question: In your view, will XRP test $1.35 or $1.26 first before the Fed decision?
#XRP #BinancePick
Not financial advice. DYOR.