XRP collapsed as much as 42% in Friday\u2019s trade, its sharpest one-day drop in recent years, as whales liquidated across major venues and futures open interest fell $150 million. <\/p>\n
The selloff drove price as low as $1.64 before a partial recovery to $2.36, with volumes surging 164% above the 30-day average \u2014 a sign of forced deleveraging across corporate desks.<\/p>\n
What to Know<\/p>\n
\u2022 XRP fell from $2.82 to $2.36 between Oct 10, 01:00 and Oct 11, 00:00, posting a 16% daily loss.
\u2022 Intraday volatility peaked at 43%, with prices briefly wicking to $1.64 during high-frequency liquidation sweeps.
\u2022 Institutional futures open interest dropped from $9.0B to $8.85B as long liquidations hit $21M versus $2M shorts.
\u2022 320M XRP transferred to exchange wallets in the past week, confirming whale distribution pressure.
\u2022 Late-session buying stabilized price near $2.35\u2013$2.40, with accumulation volumes exceeding 12M in the final 15 minutes.<\/p>\n
News Background<\/p>\n
\u2022 Ripple\u2019s ecosystem faces macro and structural stress: global trade tensions, diverging central-bank policy, and uncertainty over U.S. digital banking licenses.
\u2022 Ripple\u2019s National Trust charter deadline passed on Oct 7, heightening regulatory risk premiums around XRP-linked institutional products.
\u2022 Despite the drawdown, on-chain data shows long-term holders adding below $2.40, suggesting value-based repositioning.<\/p>\n
Price Action Summary<\/p>\n
\u2022 XRP opened near $2.82 and sold off aggressively by mid-session, breaching key supports at $2.70 and $2.50.
\u2022 The heaviest liquidation occurred between 15:00\u201321:00 UTC, when hourly volume hit 817.6M.
\u2022 Low of $1.64 marked potential capitulation point; bounce to $2.36 capped at resistance around $2.84.
\u2022 The final 60 minutes (23:41\u201300:40) saw a stabilization move from $2.31 \u2192 $2.38 (+2%), with algos breaking $2.35 on sustained bids.<\/p>\n
Technical Analysis<\/p>\n
\u2022 Support: Established around $2.30\u2013$2.35; extended downside risk to $2.22 if volume dries up.
\u2022 Resistance: Layered at $2.84\u2013$2.90, with $3.05 as macro breakout trigger.
\u2022 Volume: Up 164% vs. 30-day average \u2014 capitulation-grade turnover.
\u2022 Trend: 75-day symmetrical triangle broken to downside; needs close above $2.90 to regain structure.
\u2022 Momentum: RSI levels near multi-month lows; volatility bands expanding, signaling potential base formation.<\/p>\n
What Traders Are Watching<\/p>\n
\u2022 Whether $2.30 support zone attracts sustained whale accumulation.
\u2022 Rebuild of open interest following $150M contraction in derivatives markets.
\u2022 Regulatory clarity post-Ripple charter review, and its impact on corporate adoption.
\u2022 Cross-asset spillover from BTC\u2019s $125K rally \u2014 potential relief rotation back into XRP.
\u2022 Technical confirmation above $2.90 to invalidate short-term bearish bias.<\/p>\n","protected":false},"excerpt":{"rendered":"XRP collapsed as much as 42% in Friday\u2019s trade, its sharpest one-day drop in recent years, as whales…\n","protected":false},"author":2,"featured_media":192567,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[84,59,56,54,55,67704],"class_list":["post-192566","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-business","tag-gb","tag-uk","tag-united-kingdom","tag-unitedkingdom","tag-xrp"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/192566","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=192566"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/192566\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/192567"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=192566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=192566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=192566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}