XRP itched back losses in Friday’s chaotic trade and rebounding from a 41% collapse to close over $ 2.47, as institutional bids are rebuilt after panic winding. Session’s range of $ 1.14-from $ 2.77 down to $ 1.64-was one of the widest in XRP’s trade history from 2025, driven by macro-led degradation and heavy futures liquidations across larger venues.
What to know
• XRP fell from $ 2.77 to $ 1.64 between October 10 – 11:00 – 11 October 15:00, which marked a 41% intraday breakdown before he rebound to $ 2.49.
• Over $ 150 million in XRP futures was liquidated when Trump’s 100% customs notification triggered across asset risk version.
• Intraday volume topped 817 million – almost triple recent daily average – when the volatility peaked by 41%.
• Institutional accumulation seen between $ 2.34- $ 2.45, as major holders rebuilt exposure to the rejection.
• Key resistance remains $ 3.05 with upward projections against $ 3.65- $ 4.00 if recovery Momentum maintains.
News Background
The sudden macrostok – new US tariffs – triggered forced, relaxing across risk assets. The XRP threw itself briefly to $ 1.64 before stabilizing as volume -weighted bids absorbed panic turnover. Derivater data confirmed capitulation: Open interest rates fell 6.3% overnight, while long liquidation surpassed shorts 15: 1. Analysts framed rebound as “institutional calibration” rather than retail-driven volatility, with treasuries adding spote-spice in the $ 2.40 zone in the middle of ETF flow and improvement of the mood around Ripple’s banking vessels.
Summary of Price Action
• The steepest Drawdown hit 19: 00-21: 00 UTC as XRP fell $ 1.08 on 817 million volumes – the capitulation light of the week.
• Immediate rebound for $ 2.34 created a new base; Price then climbed steadily to $ 2.49 with 15:00 UTC.
• Final Time (14: 58–15: 57) experienced a $ 0.03 band ($ 2.46- $ 2.49) with a quantity of 2.2 million – proof of consolidation, not output streams.
• Market structure rebuilt with $ 2.47- $ 2.48 as short -term support, confirming the absorption of past volatility.
Technical analysis
• Support – $ 1.64 applies as capitulation low; $ 2.40- $ 2.45 The accumulation floor of the form.
• Resistance – $ 3.05 remains Breakout -Trigger; Close over signals structural recovery.
• Volume-817 million against 30-day AVG ≈ 270 million turnover of capitulation quality.
• Pattern – Bullish Recovery Channel development; Momentum indicators that turn positively over $ 2.47.
• trend – RSI that was recovered after oversold; MacD histogram lashes towards zero and shows early reversing bias.
Which dealers are looking at
• Whether $ 2.47 Zone has as confirmed support throughout the weekend Asia sessions.
• Continuation bids from institutional desks after fluid phase.
• ETF-related flow data after 21Shares TDOG launch games.
• Technical break over $ 2.90- $ 3.00 to enter long setups targeting $ 3.65+.
• Macro-risk narrative follow-up from customs and cryptocorrelation tips.
