What Happens Now That The XRP Price Has Revisited | Crypto News
XRP is back at a stage merchants keep in mind all too nicely. The cryptocurrency suffered a sharp flash crash on October 10 that despatched the price crashing down from $2.82 to $1.58 before an equally fast rebound toward $2.36. Months later, that same zone is back in play, but this time without the volatility spike or fast recovery that characterised the earlier transfer.
At the time of writing, XRP is trading around $1.44, down 10.4% over the past 24 hours. This sustained promoting stress has pushed the XRP price back into the flash crash low, and the next query is about what occurs from right here.
Why The October 10 Wick Low Matters So Much
According to a technical analysis accomplished by crypto analyst Hov on the social media platform X, the October 10 wick low has been one of the most important structural ranges to maintain on XRP’s weekly candlestick timeframe chart.
During the October 2025 flash crash, the XRP price registered a low of around $1.58, which acted as a panic excessive where the XRP price snapped back rapidly once pressured liquidations had been cleared. However, the current scenario appears to be like different. XRP has now revisited and barely undercut that wick low through real bearish trading, and as famous by crypto analyst Hov, issues are beginning to form up.
Hov’s technical analysis framework locations XRP in the ultimate levels of an expanded flat correction, with the current decline forming the C-wave. Notably, the analyst is monitoring an ending diagonal within the C-wave. This is because ending diagonals are recognized for overlapping price motion, compressed ranges, and false breakdowns that can shake out late sellers.
If the construction holds, then XRP might transition into a stabilization part and a potential reversal sequence. If it fails, then the corrective part just isn’t yet full.
$1.43 Is The Line That Changes Everything
The most important factor to notice going ahead is how XRP reacts at $1.43 on the weekly timeframe. Technical analysis exhibits that this is the extent XRP must maintain to keep the current construction intact. A close below $1.43 would invalidate the ending diagonal thesis and shift the outlook decisively bearish. In the analyst’s phrases, that is where “things get real ugly real quick.”
The bullish situation laid out on the chart also relies upon on XRP managing to maintain above this $1.43 space. In that case, the projection exhibits the price stabilizing at this assist before reversing larger and ultimately going into a highly effective rebound.
Under this outlook, XRP could be coming into an Impulse Wave V within a bigger Elliott Wave construction. If that impulse performs out as anticipated, the chart factors to long-term upside price targets stretching as high as $5.53.
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