XRP has come under renewed pressure following the Oct. 10 crypto flash crash, which triggered record liquidations across the market. The token plunged nearly 40% intraday, before partially rebounding and now trading between $2.20 and $2.60.
The sharp decline was not due to a protocol issue but rather a leverage-driven washout, sparked by global tariff headlines that rattled risk assets. Forced deleveraging drained liquidity from both centralized (CEX) and decentralized exchanges (DEX), causing rapid price drops across most major cryptocurrencies.
Despite this turbulence, XRP has stabilized around the $2.20–$2.60 range, with the 200-day EMA near $2.62 acting as a critical pivot for traders. On-chain data shows mixed flows, as large holders sent significant amounts to exchanges during the crash, a typical profit-taking signal, while the torrent of selling slowed after Oct. 11.
Technical Levels and Trend Indicators
From a technical perspective, XRP remains under pressure. Bulls need to secure a daily close above $2.80–$3.00 to neutralize the short-term downtrend. Conversely, a break below $2.20 could expose the token to a deeper decline toward $1.80, with extreme macro shocks potentially pushing prices toward $0.75.
Currently, XRP trades below the 20/50/100-day EMAs, and the Supertrend indicator remains bearish, reflecting fragile momentum. Analysts are closely watching price action to see if XRP can reclaim key resistance levels and stabilize for a potential rebound.
Ripple’s RLUSD stablecoin remained fully pegged during the crash, underscoring the operational resilience of the XRPL ecosystem even under extreme market stress. This stability is seen as a positive signal for institutional participants.
ETF Window Sparks Volatility
As XRP steadies, derivatives activity is heating up. While futures open interest has eased slightly, options activity surged triple-digits, signaling that traders are bracing for larger price moves. The long/short ratios remain skewed toward longs, setting the stage for volatility if support breaks.
The backdrop includes a dense ETF decision window from Oct. 18–25, with issuers such as Grayscale, 21Shares, Bitwise, Franklin Templeton, and CoinShares under review. Analysts note that the SEC’s shortened 75-day review indicates an accelerated process, creating potential catalysts for price action in the short term.
Legal clarity has also improved, as courts continue to affirm that XRP is not a security on secondary markets, removing structural uncertainty that previously deterred institutional investment.
What Could Flip the Trend
For XRP to reverse its recent losses and regain bullish momentum, several conditions must align:
Price confirmation: Reclaim the $2.80–$3.00 range with rising spot volume to target $3.50–$3.80.
Flow confirmation: Net ETF inflows and a calming of options skew to validate dip-buying.
Macro calm: Softer tariff rhetoric and benign economic data to reopen risk appetite.
Without these factors, XRP risks further downward pressure. However, the institutional narrative remains intact, supported by RLUSD’s stability, ongoing CBDC and real-world asset (RWA) integrations, and a growing compliance infrastructure for XRP Ledger.
Analysts Remain Optimistic
Despite the recent volatility, some analysts remain confident that “this week changes everything” for XRP. With ETF decisions, regulatory milestones, and macro factors in play, the coming days could mark a turning point for the token.
Institutional adoption remains a key driver for long-term growth. XRP’s resilient infrastructure, combined with compliance-ready tools and stablecoins like RLUSD, continues to position the cryptocurrency as a viable option for both retail and institutional investors.
While near-term volatility is likely, the combination of technical levels, ETF catalysts, and regulatory clarity suggests that XRP could enter a new phase of upward momentum if conditions align. Traders and investors should watch the $2.80–$3.00 resistance and $2.20 support closely for clues about the next leg in XRP’s price action.
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