XRP contracts by 6% in a week after failing to break the psychological barrier at $2.80. The bearish performance erased over $18B in value as a result of heavy selling, much of which took place yesterday.
A failure to maintain the $2.75 support level could cause a crash to $2.70, further fueling the bear sentiment.
The dire performance comes despite the recent
However, this bearish sentiment may be misplaced and a strong correction may arrive this coming October, which could set $XRP on track to a new ATH.
The case for an XRP bull in October and, more broadly, for the entire Q4, rests on several strong points.
The first is Ripple’s stablecoin, RLUSD,
The asset comes with extensive utility, including allowing for instant settlement for cross-border payments and creating a bridge between tradfi currencies and the crypto ecosystem.
Next we have Ripple applying for banking status back in July 2025, with CEO Brad Garlinghouse stating in an X post:
If approved, we would have both state (via NYDFS) and federal oversight, a new (and unique!) benchmark for trust in the stablecoin market.
Combined with the
This explains why prominent figures in the crypto space, like the president of NovaDius Wealth Management, Nate Geraci say that
But given all this bullish context, why the drop? The answer is simple: because Bitcoin dropped.
Bitcoin itself is on a downward spiral over the last seven days, dropping 7% from $117,000 to a new
As expected, Bitcoin’s high-brow performance impacted the whole market, kickstarting mass sales, which further fueled the bearish sentiment.
Things are set to change in October, as the next FOMC meeting draws close, promising to spoil us with another rate cut after the
The coming bull wave should push $XRP to a new ATH and bring more eyes on projects like Maxi Doge ($MAXI), which promise to take the meme market by storm.
Maxi Doge is more than a meme, it’s a movement. One fueled by gallons of Red Bull and Maxitren 9000 and a complete lack of self-preservation.
Maxi only trades at 1000x leverage, buys green candles, and doubles down with every dip. It is the dream ecosystem for degen traders who take the ‘no pain, no gain’ philosophy literally.
The presale raised $2.5M so far and offers $MAXI at $0.000259, which recommends the project as one of the
Based on Maxi’s presale performance, charisma, and unhinged attitude, we expect this doggo to rival Dogecoin in terms of influence and market impact
If you want to join the Maxi hype, head over to the official presale page and
This isn’t financial advice. Always do your own research (DYOR) before investing.
Authored by Aaron Walker, NewsBTC: