In the dim corridors of the digital market, Bitcoin (BTC) wrestles against its own decline, while altcoins shuffle like lost children at the gates, waiting for a signal, a nod, some divine intervention. $XRP and $ADA, tethered to the whims of the king, watch in silent desperation, hoping that BTC will offer them a lifeline-or at least a hint of mercy.
$XRP clinging to horizontal support
On Thursday morning, it seemed $XRP would plunge to the bleak abyss of $2.29, yet the bulls, stubborn and naïve as ever, had other designs. By the end of the day, $XRP staggered back to $2.44, perhaps hoping to catch its breath before the next ordeal. 📉
The chart above chronicles last Friday’s calamity: a 43% descent into despair, a brutal reminder that the market has no heart. Yet, somehow, $XRP clawed back more than half of its humiliation. Should it manage to hold this fragile line, the prospect of a slow, painful climb to the descending trendline glimmers faintly on the horizon. 🌄
Could $XRP rise from this pit?
Having once soared to a dizzying $3.66 in July, $XRP had tasted the intoxicating heights of greed and was now overbought to the point of nausea. These weeks of consolidation were less a choice than a forced meditation. As long as $XRP remains above $2.44, the weekly chart shows signs of life. The Stochastic RSI sits near the bottom, like a weary prisoner waiting for the bell-perhaps a bounce, perhaps a trick of the mind. 🤔
$ADA bulls wage their noble campaign
If $XRP tumbled, $ADA suffered the grand collapse, bottoming at $0.27-a 66% fall that would make even the most hardened pessimist blanch. Yet, in a display of stubborn resilience, $ADA clawed its way back, eyeing the $0.63 support as a makeshift lifeboat.
The $ADA bulls now attempt the sacred art of flipping $0.68 from a tormentor into a savior. Should they succeed, it may herald a slow march back to the descending trendline, like soldiers returning to an abandoned fortress. 🏰
Lower highs, or a glimmer of triumph?
The weekly chart is either a tale of inevitable decline or a stage set for dramatic rebellion. Viewing it optimistically, $ADA might yet challenge the 2021 trendline, breaking through to $1.18, then $1.45, and, in a fit of audacity, maybe even flirt with the old $3.10 high. A late start, yes-but the market has always had a taste for the absurd. If fate allows a final rally early next year, hope may yet cling to $ADA like a stubborn cobweb. 🕸️
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2025-10-16 15:37