thecryptobasic.com
With XRP ranging for the past two weeks after a major liquidation event, an analyst has identified what may likely come next.
For context, this major liquidation event occurred during the sudden Oct. 10 market crash, which led to massive losses for most investors. Notably, the broader crypto market saw a historic $19 trillion in liquidations, with XRP accounting for over $600 million, according to data from Coinglass.
XRP Has Been Ranging: What Comes Next?
Following the rapid crash, the broader crypto market recovered partially, with XRP joining the trend. However, after the sharp recovery, XRP has continued to range between $2.3 and $2.5, with occasional dips and swings. While most analysts believe it is building strength for a breakout, Blockchain Backer says otherwise.
Historical Data Proves the Case
Following this liquidation, the OTHERS chart recovered sharply and then ranged below a descending trendline before breaking out and sweeping the highs around $290 billion by late May. After this sweep, it collapsed in the days that followed, dropping to a low of $203 billion by June 22.
Interestingly, he showed that XRP is following the same trend. Specifically, the altcoin had been ranging below a descending trendline since it recovered from the major liquidation event, similar to what the OTHERS chart observed. XRP recently broke above the trendline to sweep the highs around $2.65, as it currently changes hands at $2.63.
XRP Could Slump Next
If the historical pattern continues, XRP could continue around this $2.6 level for a few more days before eventually collapsing. However, Blockchain Backer confirmed he wasn’t certain where this sweep could occur — whether it is at the current $2.6 level or the $2.8 to $2.9 level.
I think you could argue it could sweep higher, so I'm not going to attempt to "call top" on the move. I can locate arguments to say even higher to $2.80s and $2.90s. However, the common behavior is to sweep the initial reaction from the liquidation. Beyond that, varies quite a… pic.twitter.com/TxpgBkVvqL
— Blockchain Backer (@BCBacker) October 26, 2025
Regardless, he insists that the pattern is clear. Specifically, XRP will sweep the highs at either $2.6 or the $2.8 to $2.9 range, and then enter a bearish phase, which would lead to a correction. However, he argued that XRP may currently be sweeping the range highs.
To bolster his point, Blockchain Backer also shared an XRP chart detailing how this pattern played out on the 1-hour chart earlier this year. Notably, after seeing a major liquidation event in early February and recovering sharply, XRP ranged between $2.3 and $2.42 until Feb. 14, when it rebounded to sweep the highs at $2.7. However, this eventually led to a slump to $1.98 by Feb. 28.
A parallel 1-hour chart shows this exact trend playing out again today. The analyst also noted that October followed a similar pattern in December 2021. In addition, he suggested that Tron (TRX) might be observing the same structure at press time.