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Breaking News: Bitcoin Price Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000
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Breaking News: Bitcoin Price Falls Under $100,000: Elliott Wave Analysis Forecasts Decline To $70,000

Boom Incoming? XRP’s Market Setup Looks ‘Explosive,’ Analyst Says

Christian Encila
Christian Encila
Last Updated: October 17, 2025 8:00 pm
3 mins read
XRP

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According to chart work shared by market analyst Mikybull, XRP is sitting inside what he calls a tight bullish structure that could lead to a sharp rise. Reports have disclosed the setup on a three-week chart and suggested the corrective phase may be ending. The analyst flagged several price levels that traders are now watching closely.

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Technical Setup And Key Levels

Mikybull pointed to an ABC correction pattern that looks close to finishing. He showed XRP hovering around $2.50 and sitting just above a long-term moving average, a zone that has acted as support in prior cycles.

On his chart the 1.00 Fibonacci level is pegged to $1.94, while the 1.272 extension comes in at $3.25. The next major upside target, the 1.618 extension, is marked at about $6.28. A move past $3.25, according to this view, could clear the way toward $6.28 and possibly beyond.

$XRP

Hate it or like it, this setup is going to be explosive during breakout. pic.twitter.com/pgGbC0awzX

— Mikybull 🐂Crypto (@MikybullCrypto) October 15, 2025

‘Explosive’ Setup

Based on reports, the 1.272 level at $3.25 is the first real line of resistance to overcome. If XRP breaks that, momentum traders may push price toward the 1.618 level at $6.28.

The analyst described the setup as “explosive,” pointing to how tightly price has been squeezed inside a narrow range. Past patterns of similar squeeze-and-break setups have produced quick runs, and that is the parallel he drew on the chart.

He also flagged the idea that a journey into double digits could follow a decisive breakout, though that would require several big moves to align.

XRPUSD currently trading at $2.21. Chart: TradingView

Bitcoin’s Recent Strength And Timelines

Bitcoin’s recent activity was used as context for the altcoin case. Reports note Bitcoin reached $125,725 on Oct. 5 after bouncing from a low near $108,650 on Sept. 25. Between Sept. 25 and Oct. 5 there were seven green days out of nine.

A market commentator, writing under the name Nathaniel Rothschild, suggested that if that $125,725 mark was a true peak for Bitcoin, then some altcoins — including XRP — could test their own highs within about three weeks. That would place possible new highs in the week starting Oct. 26, according to his projection.

If this was the new all-time high for Bitcoin, XRP and other altcoins will have their own in three weeks.

— Nathaniel C. J. Rothschild (@NCJRothschild) October 5, 2025

Risks, Sentiment, And Timing

Market sentiment toward XRP has been weak recently, with the token down about 14% over the last seven days. That bruise has left some holders cautious. The technical case rests largely on pattern recognition and Fibonacci math rather than fresh on-chain data or new adoption headlines.

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Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The Bears!”

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Price action and trading volume will be the real tell. Projections tied to Bitcoin’s path are time-sensitive and could miss if broader crypto flows change.

In short, the outlook offered by Mikybull is optimistic and clear in its targets: $3.25 then $6.28, with higher levels possible after that. Traders will likely watch whether XRP can hold support above the long-term average and whether a break above $3.25 is confirmed by strong buying.

Featured image from Gemini, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
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