Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Veteran Analyst: Call Me Crazy, but I Think XRP Sends from Here

Veteran Analyst: Call Me Crazy, but I Think XRP Sends from Here

CryptoNewsNetCryptoNewsNet2025/10/22 10:33
By:thecryptobasic.com

A well-known crypto market analyst has suggested that the XRP price could explode from the current level, citing historical context from 2017.

Specifically, market watcher Crypto Kaleo said this to his audience of over 700,000 followers on X despite XRP’s recent struggles. For context, XRP has been a victim of the broader market uncertainties, down more than 15% this month, as it changes hands below the pivotal $2.5 price level.

XRP’s Steeper Decline on Binance

XRP’s recent woes began after the historic Oct. 10 crash, with the altcoin experiencing a larger dip on Binance than on most other exchanges. Notably, during the Oct. 10 drop, XRP collapsed to $1.77 on Coinbase, $1.58 on Bitstamp, and $1.4 on Kraken. However, on Binance, the XRPUSD chart slumped to $0.77, marking a 72.5% crash from its opening price of $2.8 that day.

Specifically, on Dec. 6, 2017, XRP, which opened the day at $0.2340, dropped rapidly to a low of $0.0002 on Binance within minutes. The flash crash resulted in a 99.9% crash from XRP’s daily opening price. However, minutes later, the altcoin recovered from the slump, closing the day at $0.2187.

Veteran Analyst: Call Me Crazy, but I Think XRP Sends from Here image 0
XRP Chart on Binance | Crypto Kaleo

While market commentators discussed several possible reasons behind the event, the most logical explanation was a thin order book on the Binance exchange. Notably, this event occurred five months after Binance launched in July 2017, so the exchange was relatively new, resulting in thin order books for some asset pairs.

“XRP Sends from Here”

Interestingly, shortly after this incident, XRP embarked on an impressive run, eventually rallying to the $3.3 peak in January 2018. While it is difficult to find any connection between the Dec. 6 crash and this run, Kaleo believes history could repeat.

Notably, he suggests that XRP could replicate the same rally it engineered days after the Dec. 6 crash in 2017. Speaking in an updated commentary, Kaleo boldly remarked: “Call me crazy, but I think XRP sends from here.

Call me crazy, but I think $XRP sends from here. https://t.co/rHdHRmTb8m

— K A L E O (@CryptoKaleo) October 21, 2025

His chart confirmed that the October 10 crash on Binance pushed XRP to retest an 8-year-old descending trendline as support. After retesting the support, XRP recovered considerably, indicating strength. In a subsequent disclosure, data from his chart suggested a possible run beyond $3 for the short term.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin News Today: Bears Caution About a Potential 50% Drop in Bitcoin While Bulls Anticipate a Surge to $250K

- Bitcoin faces "broadening top" warning from Peter Brandt, citing 1977 soybean crash parallels and potential 50% price drop. - MSTR's 10.13% stock decline highlights institutional risks as Bitcoin's 30-day price falls 5.32% amid supply-demand imbalances. - Traditional 4-year Bitcoin cycles break post-2024 halving, with analysts predicting 30-50% corrections instead of historical 70-80% crashes. - Market fear index hits 25 as bulls target $185K-$250K levels, while bears warn of prolonged downturns and Bitc

Bitget-RWA2025/10/22 16:08
Bitcoin News Today: Bears Caution About a Potential 50% Drop in Bitcoin While Bulls Anticipate a Surge to $250K

XRP News Today: XRP Faces a Pivotal Moment as Bulls Aim for $3 and Bears Set Sights on $1.58

- XRP faces critical juncture between $2.14-$2.43, with breakout above $2.64 potentially targeting $3.03 or breakdown below $2.16 risking $1.58. - Key resistance clusters at $2.39-$2.64 and support at $2.16-$1.94 define near-term trajectory, supported by Fibonacci levels and EMA indicators. - $3.81B open interest and $15.42M inflow signal speculative activity, though bearish momentum persists despite accumulation near $2.29. - Elliott Wave analysis suggests consolidation ahead of potential $2.82+ move, whi

Bitget-RWA2025/10/22 16:08
XRP News Today: XRP Faces a Pivotal Moment as Bulls Aim for $3 and Bears Set Sights on $1.58