XRP Buyback No Fit Stop 8.75% Drop, Dey Test $2 Support
Ripple plan wey dem wan buy back XRP worth $1B no support the token as XRP drop 8.75% that day. Technical analysis show say XRP dey trade inside one descending wedge pattern, e dey test key support for $2. If e break under $2, di wedge no go valid again, e go aim 0.618 Fibonacci retracement for $1.65 by end of di month. But if e breakout pass di wedge upper trendline, e fit begin 5–20% rally go $2.36–$2.75. Dis move fit trigger $118.76M short squeeze and push XRP near $3 psychological barrier. For weekly chart, XRP get ascending triangle setup. If e remain above $2.25 fit lead breakout above $3.55. With strong volume, XRP buyback momentum fit push price reach $7.75 by early 2026. Traders sha dey watch these support and resistance levels, chart patterns, and volume for trading signals.
Bearish
XRP price sharply drop despite Ripple do $1B XRP buyback, e show say buy-side demand no strong and e cause bearish feeling for short term. Failure to hold above $2 support make selling pressure heavy, e increase risk of fall go $1.65 for 0.618 Fibonacci retracement. But tech analysis show maybe reversal fit happen: breakout from descending wedge fit cause short squeeze and carry XRP go $2.36–$2.75, and if weekly momentum strong pass $2.25, e fit target $3.55 and finally $7.75 by early 2026. Traders suppose balance this short-term bearish bias with possible medium- and long-term bullish setups when dem dey plan positions.