Amid growing uncertainty in the crypto market, a respected chart analyst known as Mr. Xoom has reassured XRP investors that there is no cause for alarm, emphasizing that the asset’s technical setup remains stable.
His comments follow recent market turbulence that saw XRP lose ground while other major cryptocurrencies posted stronger performances. Over the past week, Bitcoin and BNB briefly rallied before the momentum cooled across the market.
XRP, however, failed to keep pace, struggling to maintain its position above the $3 threshold. At the time of reporting, the token trades near $2.79, reflecting a mild correction alongside the broader market decline.
Market Uncertainty
This retracement has sparked renewed concern among retail traders. According to recent on-chain data from Santiment, sentiment toward XRP has reached its lowest level in six months. The growing unease reflects broader frustration among investors, as the token has lagged behind competitors during the latest market recovery phase.
I don't understand those who are getting scared, all structures are still in place and XRP is just moving sideways. pic.twitter.com/44jkq6ASzr
— xoom (@Mr_Xoom) October 8, 2025
However, analysts like Mr. Xoom argue that this negative sentiment is misplaced. In his latest market update, the chartist noted that XRP’s technical framework has not been compromised, describing the asset’s current position as a normal consolidation phase.
He added that, from a structural perspective, XRP remains well-positioned for a potential continuation of its upward trend once current pressures subside.
Key Technical Levels Identified
To support his assessment, Mr. Xoom outlined several critical areas on XRP’s daily chart. His analysis identified three main zones of interest, two resistance levels, and one support region that define the token’s short-term trading outlook.
The first resistance zone lies between $3.00 and $3.12, which he described as the immediate level to watch for a potential breakout. A successful move above this range could signal renewed bullish strength.
Beyond that, the second resistance band, positioned between $3.52 and $3.62, aligns with XRP’s July high near $3.66 and represents a key threshold before any move toward new all-time highs.
On the downside, Mr. Xoom highlighted the $2.70–$2.72 region as a vital support level. This area has acted as a strong base in previous market cycles and currently forms the lower boundary of a descending triangle pattern visible on XRP’s daily chart. With the token still trading comfortably above this support, the analyst sees no indication of structural weakness.
We are on X, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) June 15, 2025
Analyst Maintains Optimism
Mr. Xoom reiterated that XRP would only enter a bearish phase if the price fell below the $2.70 support and closed decisively beneath that range. Until that happens, he maintains that the asset is simply consolidating within its established structure, waiting for the next directional move.
In his view, many investors are misinterpreting short-term fluctuations as trend reversals, when in reality, XRP’s broader setup continues to mirror healthy technical behavior.
With similar optimism, other market observers have urged investors not to overreact to XRP’s short-term underperformance. Market analyst Zach Rector, for example, recently addressed investor anxiety following BNB’s brief rise above XRP in market capitalization rankings.
Rector reminded traders that despite temporary setbacks, XRP has still delivered impressive performance since the U.S. elections, recording gains of nearly 488% over the period.
Overall, the consensus among seasoned analysts remains largely positive. While market sentiment has weakened and price action has turned sluggish, most experts agree that XRP’s long-term structure remains positive and its next major move will likely depend on broader market stability and renewed trading volume.
Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.
Follow us on Twitter, Facebook, Telegram, and Google News
