XRP Soars 11.4% This Week – Strong Momentum Starting to Form?

Updated

October 27, 2025

Gambar XRP Soars 11.4% This Week – Strong Momentum Starting to Form?

Jakarta, Pintu News – According to Crypto News, XRP (XRP/USD) closed the week with an impressive gain of 11.4%, outpacing most other major altcoins and reigniting positive sentiment in the crypto market. Currently, the cryptocurrency is trading at around $2.62.

XRP ranks 4th globally, with a market capitalization of $157.4 billion and a circulating supply of over 60 billion coins. This steady rise in XRP price comes amid growing optimism in the overall crypto market as well as increased institutional engagement, driven by Ripple’s continued expansion in the global payments system.

However, technical indicators suggest that XRP may still be in a consolidation phase before determining the direction of its next major move.

XRP Technical Overview: Descending Triangle Pattern Threatens

Despite its strong performance so far this week, XRP’s chart structure is still showing cautionary signals. Currently, XRP is forming a descending triangle pattern, characterized by progressively lower price peaks around $2.71 and a flat base around $2.26.

This pattern generally reflects weakening bullish strength and a possible continuation of the correction phase if the resistance level fails to be broken.

Some key signals to watch out for:

The 20-day EMA ($2.54) is below the 50-day EMA ($2.69), indicating that selling pressure still dominates the market.
The RSI hovers around 52, emerging from oversold conditions, indicating mild buying interest but not yet strong enough to reverse the trend.
The appearance of candlestick patterns such as spinning tops and dojis in recent sessions – a classic signal of market uncertainty before a potential big price move.

To restore positive momentum, XRP needs to be able to break decisively above the $2.72 level. If it fails, then this could confirm an area of resistance, potentially pulling the price back to $2.26 or even $2.02, where it has previously been shown that there is strong enough market demand to withstand a decline.

XRP/USD Trade Setup: Waiting for a Breakout or Correction?

From a technical standpoint, the XRP price outlook is currently at an important junction. Short-term traders are eyeing the $2.70-$2.72 area as a key zone for breakout confirmation.

If the price is able to close above that level convincingly, then there is potential for a further increase towards $3.15, which is in line with the previous price peak. However, if the price is again rejected in the area, the bearish pressure could strengthen again.

Trade Outlook:

Bullish Scenario:
Go long if the price breaks above $2.72, with a target of $3.15 and a stop loss below $2.54.
Bearish Scenario:
Open short positions around $2.70, with a target drop to $2.26-$2.02, and a stop loss above $2.75.

In conclusion, although XRP recorded a weekly gain of 11.4% indicating increased market optimism, technically the price is still locked in a descending triangle pattern.

A clear breakout is needed to determine whether this rally is the start of a major recovery, or just a pause before the next price correction.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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