251007 [XRP] XRP Outlook

XRP appears to have nearly completed preparations for an upward move. Should it successfully break through today's downtrend and find solid support, an upward movement is anticipated to emerge shortly.

• However, it is crucial that Bitcoin and market movements proceed at least sideways rather than downward.

• It appears that the anticipated interest rate cut in mid-October is already partially priced in.

Despite the resolution of the legal dispute with the SEC, the reason for the slower movement compared to the previous rally is

• the delay in Ripple's ETF due to the US government shutdown.

• Additionally, a combination of factors such as war-related issues and reduced trading volume are also at play.

The crucial point remains:

• To sustain the upward trend, even if it breaks downwards, a swift recovery is needed to re-enter the 2.95 channel.

• The best scenario would be for it to settle on the descending trend line it is currently breaking through, using it as support to move sideways or upwards before breaking out.

#XRP #XRPforecast #XRPoutlook