Summary
In a recent video, JB from Cheeky Crypto Uncensored discusses XRP price analysis, market conditions, and predictions. He notes that the total crypto market cap is down 0.78% in 24 hours, and the Fear and Greed Index is at 42, suggesting potential volatility. Bitcoin is up 0.11% in 1 hour, but down 1% in 1 day and 1 week. XRP is up 0.18% today, but down 1.79% in 24 hours and 8.87% in 1 week.
JB discusses community sentiments on a “Green October” or “Red October” for XRP. He also provides on-chain data for XRP, including 2,698 active addresses, 177,000 receiving addresses, and 8,100 sending addresses. There were 1.27 million XRP transactions in the last 24 hours, costing $1,000 or 2,600 XRP. There were $1.6 million in liquidations in the last 24 hours, with 97.86% of liquidations being long and 2.14% being short.
JB’s XRP price analysis suggests a potential impulsive move to the downside. He identifies short-term targets of $48.29 to $47.59. He also sees the possibility of a Wave 4 bounce to $49.07, followed by another move down.
JB notes that the Stochastics indicator is oversold on the 4H, 8H, 1D, and 1W time frames, suggesting potential upside. However, he expects a correction before potential positivity in XRP’s price action.
