- •Resistance Retest: The daily chart shared by Cheds shows XRP approaching the $2.75 level, marked by a descending trendline and horizontal resistance, with recent highs near $2.84 failing to sustain momentum.
- •Technical Indicators: Bollinger Bands on the chart indicate a squeeze, suggesting potential for increased volatility, while the price hovers near the upper band, hinting at overbought conditions in the short term.
- •Community Sentiment: Replies to the post reveal divided opinions, with bearish views predicting dips to $2.33 or lower, contrasted by long-term bulls eyeing breakouts toward $4 by late 2026.
In a recent post on X (formerly Twitter), prominent crypto analyst Cheds Trading highlighted XRP’s retest of a significant resistance level at $2.75, sparking discussions among traders about the cryptocurrency’s short-term trajectory. As XRP trades around $2.83 amid broader market fluctuations, this development underscores the ongoing volatility in the altcoin space.
The tweet from @BigCheds, a certified market technician (CMT) and founding analyst at Bitcoin Live with over a decade of experience in crypto trading, quotes his earlier observation of XRP “re-approaching” the $2.75 key level.
It includes a TradingView screenshot of the XRP/USD pair on a one-day timeframe from Binance. The chart depicts a multi-month rally from below $1 in early 2025, but recent price action shows consolidation with bearish undertones, including a -1.91% daily change at the time of the snapshot. Cheds, author of “Trading Wisdom” and a cancer survivor known for his technical analysis, has a following of traders who value his insights on momentum and resistance plays.
From a technical standpoint, the $2.75 level represents a confluence of resistance factors: a descending trendline connecting peaks from July 2025 and horizontal lines from prior highs. The chart also features moving averages, with a yellow line possibly indicating a 50-day SMA providing support around $2.45, and blue Bollinger Bands signaling contraction that often precedes sharp moves. Analysts like Peter Brandt have echoed bearish concerns, outlining conditions for a potential 20% drop if support fails.
This aligns with broader sentiment, as XRP has struggled to reclaim $3 after multiple attempts, with momentum indicators like RSI showing weakness. On the fundamental side, positive developments include Ripple’s partnership with Bahrain Fintech Bay to advance blockchain adoption in the Middle East and an unusual mid-month escrow lock of 4 million XRP tokens, valued at over $11 million, which could signal institutional confidence.
However, looming regulatory decisions, such as the SEC’s targeted October 25 deadline for XRP ETF approvals, add uncertainty that could exacerbate volatility. Market ImpactXRP’s price has seen a 7.52% decline over the past seven days, trading at approximately $2.83 as of October 10, 2025, with daily volume exceeding $5 billion.
This retest of $2.75 has contributed to broader altcoin pressure, with bears forecasting a dip to $2.50-$2.70 or even three-month lows below $2.33 if global risk sentiment sours amid economic data releases. Conversely, a breakout above $2.85 could invalidate bearish theses, potentially fueled by declining interest rates boosting crypto adoption. The divided replies to Cheds’ tweet mirror market indecision, with some traders positioning for longs while others prepare for fresh capital entry at lower levels.
Conclusion
As XRP navigates this pivotal resistance, the coming days could determine whether it consolidates for a bullish continuation or faces a sharper correction. With ETF decisions on the horizon and technical setups ripe for movement, investors are advised to monitor key levels closely. While short-term risks loom, long-term projections remain optimistic, with some analysts predicting $4 by late 2026 amid improving macro conditions. This episode highlights the dynamic nature of crypto markets, where technical analysis like Cheds’ provides crucial insights for informed decision‑making.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.