XRP collapsed as much as 42% in Friday’s trade, its sharpest one-day fall in recent years, when whales liquidated across major venues and Futures open interest fell $ 150 million.
The sale ran price as low as $ 1.64 before a partial recovery to $ 2.36, with quantities waving 164% over the 30-day average sign of forced degradation across business tables.
What to know
• XRP fell from $ 2.82 to $ 2.36 between October 10, 01:00 and 11 October, 00:00 and sent a 16% daily loss.
• Intraday volatility topped with 43%, with prices that briefly celebrated at $ 1.64 during high-frequency liquidation celebrations.
• Institutional Futures Open Interest dropped from $ 9.0b to $ 8.85B when long liquidations hit $ 21 million. Versus $ 2 million Shorts.
• 320m XRP transferred to the exchange of wallets in the last week and confirms the whale distribution pressure.
• Purchase of late session stabilized price near $ 2.35- $ 2.40, with accumulation volumes exceeding 12 mi for the last 15 minutes.
News Background
• Ripple’s ecosystem faces macro and structural stress: global merchant stresses, divergent central bank policy and uncertainty over American digital banking licenses.
• Ripple’s National Trust Charter Deadline adopted October 7 and increased regulatory risk premiums around XRP-bound institutional products.
• Despite the feature, data on the chain shows long -term holders adding below $ 2.40, suggesting value -based repositioning.
Summary of Price Action
• XRP opened nearly $ 2.82 and sold aggressively with mid session, violating key supports to $ 2.70 and $ 2.50.
• The heaviest liquidation occurred between 15: 00-21: 00 UTC when the hourly volume hit 817.6 m.
• Low at $ 1.64 Significantly potentially capitulation point; Bounce for $ 2.36 closed to resistance around $ 2.84.
• The last 60 minutes (23: 41-00: 40) experienced a stabilization of $ 2.31 → $ 2.38 (+2%), with Algo breaking $ 2.35 on sustained bids.
Technical analysis
• Support: Established around $ 2.30- $ 2.35; Extended downward risk to $ 2.22 if the volume dries up.
• Resistance: The doctor to $ 2.84- $ 2.90, with $ 3.05 as macro -eruption triggers.
• Volume: Up 164% against 30-day average turnover of capitulation quality.
• Trend: 75-day symmetrical triangle broken to down; need close over $ 2.90 to recover the structure.
• Momentum: RSI levels near low months of lowness; Volatility tapes that expand signalize potential basic formation.
Which dealers are looking at
• Whether $ 2.30 Support Zone attracts sustained whale accumulation.
• Reconstruction of Open Interest after $ 150 million Contraction in derivative markets.
• Regulatory Clarity Post-ripple Charter Review and its influence on business recording.
• Cross-Coach playback from BTC’s $ 125K Rally-Potential Relief Rotation Back to XRP.
• Technical confirmation over $ 2.90 to invalid short -term bearish bias.
