The current situation is straightforward. $XRP has broken out of its trend, but two attempts to hold the $1.55 level have failed to establish firm support. There are no clear negative signals at the moment; the real key remains: Break and hold $1.55 → $1.84 → $2.29 → $2.77 If there is a short-term pullback, $1.30 serves as a crucial support level on the chart. However, based on the current structure, I am focusing more on an upward breakout than a drop back to $1.30. Now, it all comes down to whether $1.55 can be decisively conquered. #XRP #Ripple #Crypto

Bitcoin, the largest cryptocurrency, fell 2.7% on Wednesday to its lowest level since October 2, 2023, as renewed Iranian attacks in the Strait of Hormuz dashed hopes that shipping through the waterway would return to prewar levels. Brent crude rose above $102 a barrel, heightening concerns that higher energy prices could fuel inflation and lead to interest rates remaining elevated for longer. Ether plunged 4.9%, XRP fell 3.8%, and Solana lost 2.1% as of 13:51, as a wave of forced selling swept across cryptocurrency trading platforms. Crypto-related stocks also fell in premarket trading: Coinbase Global Inc dropped 2.3%, Robinhood Markets Inc fell 2%, and Block Inc lost 0.7%. Rising oil prices are fueling inflation concerns, strengthening expectations of interest rate hikes by major central banks, which could weigh on cryptocurrencies. Oil prices surged this week on concerns over further supply disruptions in the Middle East, while bad weather in the Gulf of Mexico also threatened U.S. production. Government bond yields rose sharply amid the prospect of higher rates. The yield on 10-year U.S. Treasury notes climbed above 5.3%. Yields edged lower this week but remained near recent highs, keeping pressure on cryptocurrency. Bitcoin traded in a narrow range in October after a strong third quarter and remains well below its peak of $126,000 reached a year ago. Hopes for more crypto-friendly regulation in the U.S. have done little to drive prices higher, while the cryptocurrency lagged behind record highs on Wall Street, where AI stocks attracted the most attention.