In this video we break down the short term price analysis for Bitcoin and Ethereum as they navigate current support zones. We examine the current wave counts and specific Fibonacci retracement levels to determine if a local bottom is forming or if a deeper correction is likely. Video by More Crypto Online.
We cover the key levels for BTC including the 38.2 retracement and the 50 week SMA, while also analyzing the Ethereum trend channel. You will get a clear view of the support and resistance zones that will dictate the next move for both assets using Elliott Wave theory and macro technicals.
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As of September 24, 2026, XRP is trading around $1.47 to $1.50, experiencing a daily pullback of roughly 5.5%. The decline is part of a broader, synchronized cryptocurrency market risk-off session triggered by stronger U.S. economic data and rising Treasury yields, rather than any negative internal catalysts for Ripple. Despite this short-term correction, XRP remains up over 15% on the week after briefly touching a multi-month high near $1.64–$1.66.
XRP Insights Today
-Strong Whale Accumulation: Despite the intraday drop, Santiment data reveals heavy institutional and whale accumulation. Large-wallet cohorts holding between 10 million and 100 million XRP tokens have collectively scooped up over 350 million tokens since last Sunday, viewing the pullback as a healthy consolidation phase within a macro uptrend.
-Escrow Release Transparency: Market commentators have noted that investors have fully priced in Ripple's upcoming scheduled unlock of 1 billion XRP from escrow on October 1. Historically, the actual circulating impact is far lower—averaging between 200 million to 300 million net additions monthly, as Ripple routinely re-locks roughly 700 million back into secure vaults immediately.
-Mainstream Interest Resurgence: Prominent market analysts like Scott Melker highlighted a notable shift in retail sentiment, stating that mainstream corporate and traditional investors are increasingly inquiring about XRP's direct real-world utility integration (such as Stripe payment linkages) rather than traditionally dominant assets like Bitcoin or Ethereum.
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