- Ripple XRP recently formed a deathcross with Bitcoin, causing initial concerns among analysts.
- XRP gained 7% over the past week, holding around $2.50 with strong support at the 0.618 Fibonacci retracement level.
- The crypto market got a boost from a lower-than-expected 3.0% inflation rate reported in September.
- Developments such as a possible ETF approval and partnerships with financial firms are increasing demand for XRP.
- CoinCodex analysts predict a slight dip before a rise to $3 by the end of 2025, with current market sentiment labeled as bearish.
Ripple XRP encountered a technical event known as a deathcross earlier this week, where a short-term moving average crossed below a long-term moving average in its pairing with Bitcoin. Despite this, XRP soon began a series of hourly gains, resulting in a 7% increase over the past seven days. The cryptocurrency is currently trading near $2.50.
The weekly chart shows that XRP bounced off the 0.618 Fibonacci level, a key support zone where buyers tend to defend prices strongly. XRP’s USD pairing rose around 4% within a few hours on Thursday. The crypto market also reacted positively to September’s Consumer Price Index report, which revealed an inflation rate of 3.0%, lower than expected. Bitcoin returned to $110,000, and several leading cryptocurrencies saw gains.
Other factors driving interest in XRP include a potential Exchange-Traded Fund (ETF) approval by the Securities and Exchange Commission (SEC) and new fintech partnerships with banks and financial firms. These developments increase the likelihood of XRP breaking above the $2.50 price point. Resistance levels are identified at $2.58 and $2.79, with support expected at $2.18 and $2.00 if prices reverse downward.
According to CoinCodex analysts, XRP may experience a minor decline approaching November 22, 2025, with a predicted price of $2.44. The analysts describe the current sentiment as bearish, supported by a Fear & Greed Index reading of 30, which indicates fear. However, they project the price could reach $3 by the end of 2025 if current trends continue.
Combined with the recent support of key Fibonacci levels and increasing institutional adoption, XRP shows potential for notable growth later this year, provided historical patterns persist.
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