Is James Wynn Behind the Latest Ripple (XRP) Price Breakout?


Key Notes

  • XRP worth surged above $2.60 after dealer James Wynn revealed a significant funding.
  • Wynn’s submit gained 600,000 views, sparking weekend shopping for exercise.
  • XRP maintains a three-day profitable streak, up greater than 12% since Wednesday’s $2.30 low.

Ripple (XRP) worth broke above $2.60 on Saturday, October 25, marking its highest degree in ten days. Since forming an area backside close to $2.30 on Wednesday, XRP has superior steadily, gaining momentum via the weekend. The newest 5% uptick coincided with a submit from distinguished pseudonymous dealer James Wynn, who disclosed an imminent XRP funding transfer.

XRP Value Surges Above $2.60 as James Wynn Sparks Market Frenzy

The Ripple-issued coin is now on monitor for a 3rd consecutive day of revenue, with cumulative positive aspects exceeding 12% if it closes above $2.60 on Sunday. Wynn’s submit, shared together with his 435,000 followers, attracted practically 600,000 views inside 12 hours, signaling imminent inflows into XRP, citing potential to disrupt international banking programs.


James Wynn is well-known throughout crypto on-line communities for high-stakes speculative trades  which have beforehand produced substantial income and equally important losses. The timing of his submit, alongside XRP’s rebound, suggests a psychological catalyst at play as merchants reply to his market commentary.

Ripple (XRP) price action, October 25 | Source: Coinmarketcap

Ripple (XRP) worth motion, October 25 | Supply: Coinmarketcap

According to CoinMarketCap, XRP’s 5.8% weekend rally got here regardless of subdued buying and selling volumes, which slipped 4.5% to $3.9 billion. This means that fewer whale-driven orders seemingly accounted for the most recent leg of the XRP worth rally, as retail participation remained restricted over the weekend.

XRP Value Forecast: Bulls Eye $2.85 After Breaching 10-day Resistance

At press time, XRP trades round $2.61, consolidating slightly below key resistance at $2.855, the higher band of the Keltner Channel. The Relative Energy Index (RSI) at present reads 50.95, hovering close to the impartial zone, signaling extra upside potential earlier than the market overheats.

The Parabolic SAR dots have flipped beneath the value candles for the primary time since early October, additional confirming a short-term bullish reversal. In the meantime, XRP’s worth motion has climbed above the Keltner Channel midline at $2.54, reflecting rising shopping for strain regardless of low weekend liquidity.

If patrons handle to breach the $2.85 resistance zone, the following upside goal sits close to $3.00. Sustaining this degree may prolong positive aspects towards $3.20, the final native high examined earlier than the early October breakdown.

Ripple (XRP) Technical Price Analysis | Source: TradingView

Ripple (XRP) Technical Value Evaluation | Supply: TradingView

On the draw back, the primary line of help lies round $2.54, coinciding with the Keltner midline, adopted by a stronger footing at $2.22, which marks the decrease channel boundary. A every day shut beneath that area may invite renewed bearish strain towards $1.77, marked by the SAR indicator.

Finest Pockets Presale Surpasses $16.5M as Ripple (XRP) Reignites Speculative Curiosity

As massive merchants like James Wynn guess huge on XRP’s rebound prospects, early-stage blockchain tasks like Finest Pockets (BEST) are additionally drawing speculative curiosity. Finest Pockets provides multi-chain compatibility, institutional-grade multi-sig safety, and deploys AI options to disrupt the $26 billion custodial pockets market.

Best Wallet Presale

Finest Pockets Presale

The Finest Pockets Presale has now exceeded $16.5 million, with tokens buying and selling at $0.026 forward of its public launch. Traders can go to the official Best Wallet website to entry unique early-entry bonuses earlier than the following worth replace.

Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed info however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm info by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.

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Ibrahim Ajibade

Ibrahim Ajibade is a seasoned analysis analyst with a background in supporting varied Web3 startups and monetary organizations. He earned his undergraduate diploma in Economics and is at present finding out for a Grasp’s in Blockchain and Distributed Ledger Applied sciences on the College of Malta.

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