Ripple’s $1B buy-back plan fails to lift price: Can XRP still rebound?

Ripple’s announcement of a $1 billion plan to repurchase XRP failed to boost its price, with the cryptocurrency falling 8.75% on October 17th. XRP is currently fluctuating within a falling wedge pattern after a broader market downturn. While a dip towards the $2 support level is possible, a breakout above the wedge’s upper trendline could lead to a 5-20% increase, potentially triggering short liquidations and a move towards the $3 resistance level. A drop below $2 could lead to further declines. Despite recent volatility, XRP maintains its ascending triangle breakout scenario, and a breakout above $3.55 could potentially send the price to $7.75 by early 2026.

(Source：Cointelegraph)