{"id":12834,"date":"2025-10-08T08:34:54","date_gmt":"2025-10-08T08:34:54","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xrp-price-forms-bullish-reversal-setup-eyes-37-rally-ahead\/"},"modified":"2025-10-08T08:34:58","modified_gmt":"2025-10-08T08:34:58","slug":"xrp-price-forms-bullish-reversal-setup-eyes-37-rally-ahead","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xrp-price-forms-bullish-reversal-setup-eyes-37-rally-ahead\/","title":{"rendered":"XRP price forms bullish reversal setup, eyes 37% rally ahead"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">XRP price looks poised to confirm a bullish reversal setup in the coming days, which could potentially drive a rally to nearly $4.<\/p>\n<div id=\"cn-block-summary-block_12fe7a05a209794fab8725806f7abb36\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>XRP price is down 20% from its July high.<\/li>\n<li>Signs of a bullish reversal have formed on the daily chart.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to data from crypto.news, XRP (XRP) was trading at $2.86 last check on Wednesday, Oct. 8, down 4.5% over the past 24 hours and nearly 20% lower than its year-to-date high of $3.56 reached in July.<\/p>\n<p>XRP\u2019s price took a hit amid a broader market sell-off, triggered by the ongoing U.S. government shutdown and some profit-taking by investors. Bitcoin (BTC), the market leader, fell below the $122,000 support level, dropping 2.5% over the past 24 hours. Ethereum (ETH) also slid 5.5%, while other major altcoins, including XRP, Solana (SOL), Dogecoin (DOGE), and TRON (TRX), declined between 4% and 8% as bearish sentiment rippled across the crypto market.<\/p>\n<p>Adding to the pressure, XRP was caught in the fallout of a $605.9 million liquidation sweep across the crypto market yesterday, most of which came from long positions. When exchanges force-close longs, it typically triggers a cascade of selling, dragging prices lower across the board.<\/p>\n<p>Despite the recent pullback in XRP price, its technical setup hints at a contrary scenario ahead. Chart indicators suggest the token is on the verge of confirming a bullish reversal pattern, a move that, if validated, could pave the way for a strong rebound in the days ahead.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h1 class=\"wp-block-heading\">XRP price analysis<\/h1>\n<p>On the daily chart, XRP has been trading within a descending triangle pattern that has been forming since early July. The setup, which is characterized by a series of lower highs converging toward a flat support zone, indicate that sellers have largely been in control over the past few months.<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">XRP price has formed a descending triangle pattern on the daily chart \u2014 Oct. 8 | Source: crypto.news<\/figcaption><\/figure>\n<p>While descending triangles are typically viewed as a bearish continuation pattern, a breakout above the upper resistance line often points to a bullish reversal with momentum shifting from bears to bulls.<\/p>\n<p>As of press time, XRP was hovering 5% below the key breakout level at $3. If the breakout takes place, it would confirm the reversal if buyers manage to push through.<\/p>\n<p>However, momentum indicators such as the MACD and RSI were sitting near neutral levels, hinting that some consolidation could be ahead of any breakout attempt.<\/p>\n<p>For now, the next immediate resistance for XRP lies around $2.90, aligning with the 61.8% Fibonacci retracement level. A confirmed breakout above $3 could open the door for a run toward $3.93, a target derived by projecting the height of the triangle from the breakout point.<\/p>\n<p>When writing, the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.santiment.net\/charts\/gH-30AhZ__sCl\" target=\"_blank\" rel=\"nofollow\">market sentiment<\/a> around XRP was positive, a shift from negative seen just a day earlier. This renewed interest likely came from holders who are likely expecting the first spot XRP ETF to be approved soon, once the US shutdown ends.<\/p>\n<p>To date, at least 7 ETF issuers, including Grayscale and 21Shares among others, have filed to launch such products, with the latest application coming from GraniteShares, which <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/XrpUdate\/status\/1975709257145422320\" target=\"_blank\" rel=\"nofollow\">filed<\/a> for a 3x XRP ETF on Oct. 7.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<div class=\"cn-block-disclaimer\">\n<div class=\"cn-block-disclaimer__icon\">\n            <svg class=\"icon icon-info\" aria-hidden=\"true\"><use xlink:href=\"#icon-info\"><\/use> <\/svg>        <\/div>\n<p class=\"cn-block-disclaimer__content\">\n            Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.        <\/p>\n<\/p><\/div>\n<p><!-- .cn-block-disclaimer --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>XRP price looks poised to confirm a bullish reversal setup in the coming days, which could potentially drive a rally to nearly $4. Summary XRP price is down 20% from&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12834","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12834","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=12834"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12834\/revisions"}],"predecessor-version":[{"id":12835,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/12834\/revisions\/12835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/1689"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=12834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=12834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=12834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}