Bitcoin dominance is easing (~56–58%), which often signals early rotation into alts. Historically, this setup has marked the start of altseason when liquidity and sentiment align.
Institutional flows into ETH ETFs and L2 projects are building momentum. If BTC dominance keeps sliding and alt volumes rise, October looks favorable for the beginning of an altseason, with majors and mid-caps likely to lead.
Volatility will stay high, with fast sector rotations, but if the trend holds, October could be the month where alts push upward — making the upside move truly marvelous.
The XRP shows a sharp pullback after reaching a recent high of 3.1858, indicating a clear short-term dip and possible local correction.
Current Trend and Price Action: XRP has declined from 3.1858 to around 3.04, breaking below the 20-period moving average (now at 3.0970), which suggests bearish short-term momentum. The 200-period moving average sits at 2.9807, indicating that the broader uptrend is intact as long as price stays above this level.
Key Levels: Support: 2.98–3.00 (200 MA zone) is critical. A breakdown below this level could accelerate selling pressure.
Resistance: The previous peak of 3.1858 and the 20 MA at 3.09 are immediate resistance levels. Bulls must reclaim these to re-establish upward momentum.
Buying Zone & Stoploss
Buying Level: Ideal entries are near the 200 MA (around 2.98–3.01), where price may find support and where risk is minimized.
Stoploss: A safe stoploss is just below the 2.98 level (e.g., 2.95), as a breakdown here would indicate a bigger corrective wave.
1. Key Levels Current Price: $3.1844 (approximately) Major Resistance Zones: $3.40 → Strong resistance (previous swing high) $3.80 – $3.90 → Next potential resistance if $3.40 breaks
Immediate Support Zones: $3.12 – $3.13 → Closest support (previous breakout point) $2.66 – $2.70 → Strong support zone (highlighted red area) $2.34 – $2.34 → Lower support if breakdown occurs
2. Chart Structure Pattern Observed: XRP broke above a descending trendline, indicating bullish momentum. There is a double bottom pattern around $2.66, which adds to bullish sentiment. Price is now retesting the previous resistance area near $3.12.
3. Buying Area Ideal Buy Zone: $2.80 – $2.90 → Good re-entry area if price pulls back. Aggressive traders can buy on dips around $3.05 – $3.12.
4. Stop Loss Conservative Stop Loss: Below $2.65 This is under the strong support area and below the double bottom. Aggressive Stop Loss: Below $2.90 (for short-term trades).
5. Next Targets If XRP sustains above $3.12 and $3.18, the next upside targets are: $3.40 → First major resistance and profit-taking zone. $3.60 → Mid-level resistance if momentum continues. $3.80 – $3.90 → Strong resistance and potential top for this move.
6. Volume Analysis Increasing green volume bars indicate strong buying pressure. This confirms the breakout above the descending trendline is valid.
1. Key Levels Current Price: $3.1844 (approximately) Major Resistance Zones: $3.40 → Strong resistance (previous swing high) $3.80 – $3.90 → Next potential resistance if $3.40 breaks
Immediate Support Zones: $3.12 – $3.13 → Closest support (previous breakout point) $2.66 – $2.70 → Strong support zone (highlighted red area) $2.34 – $2.34 → Lower support if breakdown occurs
2. Chart Structure Pattern Observed: XRP broke above a descending trendline, indicating bullish momentum. There is a double bottom pattern around $2.66, which adds to bullish sentiment. Price is now retesting the previous resistance area near $3.12.
3. Buying Area Ideal Buy Zone: $2.80 – $2.90 → Good re-entry area if price pulls back. Aggressive traders can buy on dips around $3.05 – $3.12.
4. Stop Loss Conservative Stop Loss: Below $2.65 This is under the strong support area and below the double bottom. Aggressive Stop Loss: Below $2.90 (for short-term trades).
5. Next Targets If XRP sustains above $3.12 and $3.18, the next upside targets are: $3.40 → First major resistance and profit-taking zone. $3.60 → Mid-level resistance if momentum continues. $3.80 – $3.90 → Strong resistance and potential top for this move.
6. Volume Analysis Increasing green volume bars indicate strong buying pressure. This confirms the breakout above the descending trendline is valid.