XRP could be on the verge of posting its most bullish weekly candle ever, according to veteran inves
XRP could be on the verge of posting its most bullish weekly candle ever, according to veteran investor Patrick L. Riley.
In a tweet earlier today, Riley noted that if XRP closes the week tomorrow (Sunday) at $3.1150, it would mark the most bullish weekly candle in the token‘s history. The statement suggests this development could make the current week one of XRP’s most significant in terms of gains.
The observation comes amid a sudden overnight bloodbath in the crypto market, during which several assets, including XRP, Bitcoin, and Ethereum, experienced flash crashes, plunging to historic lows before swiftly recovering.
The dramatic collapse in prices followed President Trumps announcement of new tariffs on China. The announcement triggered $19 billion in liquidations across the derivatives market and wiped out $1.65 trillion from the U.S. stock market.
Despite the market turmoil, analysts like Riley are pointing to a potentially historic rebound for XRP.
XRP Set to Mark Most Bullish Weekly Candle in History?
After crashing to $1.25, XRP has rebounded approximately 100% to a current price of around $2.40. Although this is still below its weekly high, Riley believes that a weekly close at $3.115 would mark the most bullish weekly candle in the tokens history.
For context, a move from yesterday‘s low of $1.2543 to $3.1150 would represent a 148% increase. However, this would not be XRP’s biggest weekly gain ever.
Back in December 2017, XRP posted a more substantial 215% weekly gain, rising from $0.22598 to $0.70969, an increase of $0.48471.
XRP chart showing strongest weekly candles from 2017 | TradingView
In the current scenario, XRP opened this week at $2.9705. A close at $3.115 would translate to a modest weekly gain of just 4.86%, far from its historical best.
However, considering the bounce from its weekly low, XRP could be said to have recorded one of the strongest recoveries of the year, aligning more closely with Rileys perspective.
XRP Logs Highest Quarterly Close in History
Beyond the weekly chart, XRP recently set a new milestone by recording its highest quarterly close ever.
The token closed Q3 2025 at $2.846, marking a 27.16% gain from its Q2 close of $2.23. This makes September 2025 the third-highest monthly close in XRPs history, behind January 2025 ($3.03) and July 2025 ($3.02).
With Q4 now underway, analysts are optimistic about even stronger performance. Historically, XRP tends to perform best in the fourth quarter.
On average, it gains 140% during Q4, with notable rallies including a 240% surge in Q4 2024 and a record-setting 1,064% explosion in Q4 2017.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
0.00