XRP/Mexican Peso Market Overview for October 31, 2025

• XRP/Mexican Peso opened at 46.00 and traded between 44.77 and 46.60 before closing at 45.16.
• Price tested a support level around 44.77 and bounced with a bearish volume confirmation.
• Momentum indicators suggest oversold conditions, though RSI and MACD remain neutral to slightly bearish.
• Volatility was low for most of the day but spiked at the end with a large bullish candle.
• Backtest analysis validates Bullish Engulfing patterns as a constructive short-term signal.

24-Hour Price Action Summary

XRP/Mexican Peso (XRPMXN) opened at 46.00 on October 30, 2025 at 12:00 ET and closed at 45.16 on October 31, 2025 at the same hour. The pair hit a high of 46.60 and a low of 44.77 during the 24-hour period. Total volume traded was approximately 2,133.1 units, with a notional turnover of $97,467 (based on volume and closing prices). The pair spent much of the session consolidating around 45.16, with limited price action before a late rebound.

Structure & Candlestick Patterns

The day’s candlestick pattern was marked by a bearish consolidation followed by a late bullish reversal. A notable pattern occurred between 14:30 and 15:45 ET, where price formed a Bullish Engulfing pattern, opening at 45.159 and closing at 46.60. This pattern, which occurred near a prior resistance level, signaled a short-term reversal. Key support was confirmed at 44.77, where price found a floor and consolidated for several hours. Resistance levels around 45.35 and 45.65 were tested multiple times with limited success.

Moving Averages and Bollinger Bands

On the 15-minute chart, price has settled below the 20-period and 50-period moving averages, indicating a bearish bias in the short term. However, the late rebound has brought price closer to the 50-period SMA, which may act as a potential support/resistance pivot. Bollinger Bands showed a period of low volatility in the early part of the session, but a contraction turned into a significant expansion with the final bullish candle, suggesting a potential breakout or reversal is in play.

Momentum and Fibonacci Levels

Relative Strength Index (RSI) remained in the 30-40 range for most of the day, indicating oversold conditions, but failed to break above 50 to confirm a bullish reversal. On the 15-minute chart, price retested the 61.8% Fibonacci retracement level at 45.16 and found support, suggesting a possible short-term bounce. The MACD histogram was neutral to bearish but showed a small positive divergence near the close, which may hint at a short-term momentum shift.

Volume and Turnover Analysis

Trading volume was generally subdued during the early and mid-session hours but spiked significantly in the late afternoon, coinciding with the bullish reversal. Notional turnover also increased, with the largest single-volume candle at 526.0 units contributing a large portion of the day’s total volume. This volume divergence suggests conviction in the late-session move and may signal a potential short-term top or bottom.

Backtest Hypothesis

The Bullish Engulfing pattern observed in the late afternoon aligns with a well-backtested strategy that showed a respectable risk-adjusted return from 2022 to 2025. This pattern, when confirmed by volume and price action, has historically delivered constructive results in XRPMXN. The backtest results suggest it could serve as a reliable short-term signal, particularly when forming near key Fibonacci or support levels, as was the case today. Given the current price structure and recent volatility, this pattern may offer a tactical edge for traders entering on the long side with tight stop-losses.