{"id":52000,"date":"2025-10-18T19:42:12","date_gmt":"2025-10-18T12:42:12","guid":{"rendered":"https:\/\/hbbgroup.net\/ripples-1b-buy-back-plan-fails-to-lift-price-can-xrp-still-rebound\/"},"modified":"2025-10-18T19:42:12","modified_gmt":"2025-10-18T12:42:12","slug":"ripples-1b-buy-back-plan-fails-to-lift-price-can-xrp-still-rebound","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/ripples-1b-buy-back-plan-fails-to-lift-price-can-xrp-still-rebound\/","title":{"rendered":"Ripple\u2019s $1B buy-back plan fails to lift price: Can XRP still rebound?"},"content":{"rendered":"<div data-gtm-locator=\"articles\" data-v-43e640e6>\n<article id=\"article-223750\" data-v-43e640e6>\n<p itemprop=\"description\" data-v-43e640e6> Holding above $2 increases XRP&#8217;s potential to retest $3 in the coming weeks, while also maintaining a record high target of around $7.75. <\/p>\n<div data-v-43e640e6><picture><source media=\"(min-width: 1200px)\" ><source media=\"(min-width: 992px)\" ><source media=\"(min-width: 768px)\" ><source media=\"(min-width: 480px)\" ><img  loading=\"eager\" fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1434\/https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199f249-2910-7d4d-9eea-6154ac3225bd\" alt=\"Ripple\u2019s $1B buy-back plan fails to lift price: Can XRP still rebound?\"><\/picture><\/div>\n<div data-v-43e640e6>\n<div data-v-43e640e6>\n<p><strong>Key takeaways<\/strong>:<\/p>\n<ul>\n<li>\n<p>XRP price dropped 8.75% on Friday despite Ripple\u2019s $1 billion acquisition plans.<\/p>\n<\/li>\n<li>\n<p>A drop toward the $2 support level is possible in the coming days, as bulls pin their hopes on a rebound.<\/p>\n<\/li>\n<\/ul>\n<p>Ripple is reportedly <a href=\"https:\/\/cointelegraph.com\/news\/ripple-1b-xrp-buy-digital-asset-treasury\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/ripple-1b-xrp-buy-digital-asset-treasury\">planning<\/a> to raise $1 billion to purchase XRP (<a href=\"https:\/\/cointelegraph.com\/xrp-price-index\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/xrp-price-index\">XRP<\/a>) for its own digital asset treasury. This move could make it the world\u2019s largest corporate holder of this top-five cryptocurrency.<\/p>\n<p>However, XRP bulls largely ignored the news on Friday, with the price falling 8.75% after the Oct. 17 announcement, while continuing its prevailing downtrend, as shown below.<\/p>\n<figure><img decoding=\"async\" alt=\"Ripple, XRP, Markets, Market Analysis, Altcoin Watch\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199f70d-e89d-77c2-a8e0-acdd1c488287\" title><figcaption><em>XRP\/USD four-hour price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Can XRP break out of its prevailing downtrend in October? <\/p>\n<h2>XRP price eyes recovery after testing $2 support<\/h2>\n<p>Looking broadly, XRP has been fluctuating within a falling wedge pattern after last week\u2019s crypto market rout, which liquidated a <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-wobbles-110k-trader-says-20b-liquidation-rout-not-bottom\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/bitcoin-wobbles-110k-trader-says-20b-liquidation-rout-not-bottom\">record $20 billion or more in positions<\/a>.<\/p>\n<p>The price could still dip toward the $2 support level, coinciding with the wedge\u2019s lower boundary and serving as a potential reversal zone.<\/p>\n<figure><img decoding=\"async\" alt=\"Ripple, XRP, Markets, Market Analysis, Altcoin Watch\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199f712-dde8-7ca5-82af-36a4b743104c\" title><figcaption><em>XRP\/USDT four-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>A breakout above the wedge\u2019s upper trendline could trigger an upside toward the $2.36\u2013$2.75 range, up 5-20% from current price levels, in October.<\/p>\n<p><em><strong>Related: <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/news\/ripple-acquisition-gtreasury-1b\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/ripple-acquisition-gtreasury-1b\"><em><strong>Ripple buys corporate treasury management company GTreasury for $1B<\/strong><\/em><\/a><\/p>\n<p>That range features levels with up to $118.76 million in cumulative short leverages, according to CoinGlass data.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199f262-f65b-7d4c-a05c-c3d032b50311\"><figcaption><em>Binance\u2019s XRP\/USDT liquidation heatmap. Source: CoinGlass<\/em><\/figcaption><\/figure>\n<p>Potential short liquidations at these levels could add momentum toward $3, a psychological resistance target further aligning with the upper boundary of XRP\u2019s descending triangle pattern.<\/p>\n<figure><img decoding=\"async\" alt=\"Ripple, XRP, Markets, Market Analysis, Altcoin Watch\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199f715-1e8d-79ce-8636-fe9fc07fb0b3\" title><figcaption><em>XRP\/USDT weekly chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Conversely, a close below $2 would invalidate the wedge setup, inviting further downside pressure toward $1.65, the 0.618 Fibonacci retracement level, by month\u2019s end.<\/p>\n<h2>Longer term: XRP still on track for a breakout<\/h2>\n<p>On longer-term charts, XRP is maintaining its ascending triangle breakout scenario despite plunging 60% during last week\u2019s \u201c<a href=\"https:\/\/cointelegraph.com\/news\/eth-down-6-after-crypto-black-monday-resilience-alts\" rel target=\"_self\" title=\"https:\/\/cointelegraph.com\/news\/eth-down-6-after-crypto-black-monday-resilience-alts\">black Friday<\/a>.\u201d<\/p>\n<p>As of Friday, the cryptocurrency was holding above the triangle\u2019s lower trendline near $2.25 while eyeing a rebound toward the upper trendline near $3.55. <\/p>\n<figure><img decoding=\"async\" alt=\"Ripple, XRP, Markets, Price Analysis, Market Analysis, Altcoin Watch\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-10\/0199f28f-b8bc-77cf-ae4f-9cff5fc1602f\" title><figcaption><em>XRP\/USDT weekly price chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>A breakout above $3.55 with significant volumes could send the price to as high as $7.75, representing a 250% increase from current levels, by early 2026.<\/p>\n<p type>This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\" data-ct-non-breakable=\"undefined\" label=\"Subscription Form: Markets Outlook\"><\/template><\/div>\n<p><img decoding=\"async\" alt src=\"https:\/\/zoa.cointelegraph.com\/pixel?postId=223750&#038;regionId=1\" data-v-43e640e6><\/p>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Holding above $2 increases XRP&#8217;s potential to retest $3 in the coming weeks, while also maintaining a record high target [&hellip;]<\/p>","protected":false},"author":5,"featured_media":52001,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220],"tags":[],"class_list":["post-52000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tien-dien-tu"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/52000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=52000"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/52000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media\/52001"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=52000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=52000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=52000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}