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Binance Ethereum Reserves Decline to 3.87M, Hinting at Reduced Supply and Investor Confidence

Binance Ethereum reserves have declined significantly from 4.69 million ETH to 3.87 million ETH between late August and October, reducing available supply on the exchange and mirroring levels from May CoinTurk News

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Analyst: XRP Is Gearing Up for Liftoff to $7. Here’s why

A recent analysis by XRP_Cro (@stedas) has renewed interest in XRP’s long-term price outlook. The analyst shared a chart highlighting what appears to be a decisive breakout from a long-term consolidation pattern. The chart illustrates a clear bullish setup formed over several years of compression, with the potential to send XRP to double-digit prices. The weekly timeframe shows the digital asset breaking through a descending resistance trendline that has constrained price action since its previous major cycle high. The structure resembles a descending triangle , bounded by converging support and resistance lines marked in yellow. #XRP is gearing up for liftoff. Targets on the radar: $7, $12… maybe even $25 pic.twitter.com/EPrmNrn4KD — XRP_Cro AI / Gaming / DePIN (@stedas) October 24, 2025 Technical Patterns and Fibonacci Projections The chart presents a sequence of Fibonacci retracement and extension levels plotted against the major swing high and low. The key Fibonacci levels are 1.272, 1.414, and 1.618, positioned around $8.31, $13.45, and $26.80, respectively. These align closely with the specific targets labeled on the chart at $7.92, $13.10, and $24.93. The clustering of these targets within the higher Fibonacci extension zones reinforces the interpretation of a potential continuation pattern. XRP_Cro’s chart also highlights how the price consolidated above former resistance before moving upward, a sign often regarded as a confirmation of renewed momentum. The most recent candles also show compression within other descending triangles. The digital asset began a new descending triangle at the start of 2025, and broke above it in July when it rose to a new all-time high . The digital asset is now trading within another descending triangle, and a breakout could send it toward the first target of $7.92. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What’s Next for XRP? While the chart-based projections indicate ambitious upside levels, they remain grounded in standard technical tools. Fibonacci extensions, when applied to breakout structures, often serve as reference points for price discovery once prior resistance zones have been cleared. In this case, the alignment between multiple Fibonacci levels and XRP_Cro’s manually labeled targets strengthens the technical argument behind the analysis. The analyst did not provide a timeline for these targets but emphasized that XRP appears “gearing up for liftoff,” implying confidence in the formation’s bullish potential . As with all technical projections, future performance will depend on sustained momentum and broader market conditions. However, the structure presented in the analysis demonstrates that XRP’s price chart has entered a technically significant phase, one that traders will likely monitor closely as it unfolds. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst: XRP Is Gearing Up for Liftoff to $7. Here’s why appeared first on Times Tabloid . CoinTurk News