🧐 Has the Bottom for XRP Been Reached? [Opinion] Analyst Ali: On-chain trading volume surges to $49.7 billion; $1.25 support may form a temporary bottom. According to MyToken, on October 19, cryptocurrency analyst Ali Charts posted on X that $XRP experienced a sharp increase in on-chain trading volume near the key support level of $1.25, with the dollar value transferred on the XRP Ledger spiking to approximately $49.7 billion, accompanied by a price rebound. Ali Charts noted that the surge in on-chain activity near this critical support level suggests that $1.25 may have formed a temporary bottom. As long as this support remains intact, XRP could initiate a rebound toward $2. Previously, he analyzed that XRP may be forming a potential inverse head-and-shoulders pattern on the 3-day chart, with holding $1.25 likely completing the right shoulder. If XRP subsequently breaks and sustains levels above $1.56, it could open the path to $2; conversely, if $1.25 is breached, attention should shift to potential support near $1. ⚠ This content is for informational purposes only and does not constitute any trading recommendations.