The Stage Is Set For A VIOLENT XRP Price Recovery (Here's Why!)

Market Analysis and XRP Bullish Outlook - Despite market selloffs, the analysis suggests a bullish outlook on XRP, stronger than when it traded above $3, due to liquidity sweeps and hitting a massive demand zone [1] - The analysis indicates that the recent market move, characterized by fear and oversold conditions, sets the stage for a potential parabolic run in quarter 4 [1] - XRP has taken all downside liquidity, and the focus is now on the upside, with liquidity targets in the mid $3 to $4 plus range [1] - XRP's cyclical structure shows similarities to the 2017 rally, suggesting a potential parabolic run after accumulating strength [1] - Diminished returns are expected, with initial targets between $7 to $10, and later targets in the high $15 to $20 region [1] - On the 4-hour timeframe, XRP is printing bullish divergence, indicating a potential break to the upside [1] - A 49% drop in a single 4-hour candle and a 62% drop from the July high represent a significant selloff, with XRP being the most oversold since 2024 [1] Catalysts for XRP's Potential Move - Ripple Swell, scheduled for November 3rd, is expected to be a catalyst for price action, with potential announcements regarding partnerships and expansions [2] - Multiple ETF filings, including Franklin Templeton's decision in November, align with Ripple Swell and could drive price action in quarter 4 [2] - Spot XRP ETFs are seen as a ticking time bomb, with companies lining up to hold over $1 billion in their treasuries, indicating corporate adoption [3][4] - Various upcoming catalysts, including the Fed rate cut decision (October 29th), spot XRP ETF decisions (October 18th-25th), and ISO 2022 go-live (November 22nd), could support price action [7][8][10]