BEARISH 📉 : XRP price drops 10.4%, risks falling below critical support

XRP recently revisited a critical price level, $1.58, from an October 10 flash crash. Currently trading at $1.44, XRP has declined by 10.4% in the past 24 hours, indicating sustained selling pressure.

Significance of October 10 Wick Low

The October 10 low is crucial on XRP’s weekly candlestick chart.
In 2025, a similar flash crash saw XRP snap back quickly after reaching this level.
Currently, XRP has slightly undercut that previous low through bearish trading.

Crypto analyst Hov suggests XRP is in the final stages of an expanded flat correction, with current declines forming a C-wave. An ending diagonal within this wave may indicate overlapping price action and false breakdowns.

Key Level: $1.43

XRP must hold above $1.43 to maintain its current structure.
A close below $1.43 could invalidate the bullish thesis and turn the outlook bearish.
If XRP stabilizes above $1.43, a powerful rebound might occur, potentially targeting a long-term price of $5.53.

XRP