Aggressive sale of nearly $ 2.66 resistance and a larger Binance Efforts Signal Short-Last Distribution, while Volumendata shows institutional dip purchasing defending $ 2.55.
News Background
XRP’s rebound from Friday’s under $ 1.58 Liquidation Lows lost steam overnight when fresh whale activity hit exchanges. A single 23.9 m XRP transfer (≈ $ 63 million to Binance coincided with the sales pressure that deleted early winnings. The move came when open interest ran 2.4 % to $ 1.36 B, suggesting that gear positioning remains increased, even after the $ 32 B market for the marketing of the market,
Wider risk markets stabilized as trade war rhetoric softened, but derivative tables marked renewed short structures near $ 2.6- $ 2.66.
Summary of Price Action
- XRP traded a $ 0.11 tape (4 %) from $ 2.54 to $ 2.66 between 13 October 05:00 and 14 October 04:00.
- Volume exploded to 244.6 m at 13: 00-nest 3 × 91.8 m average-which confirms aggressive dip purchases near $ 2.55.
- The price peaked with $ 2.66 in the course of 20:00 hours before sustained sales drove a $ 2.55 close.
- Bears expanded control to the last hour and breaks $ 2.57 support at 4 m volume at. 04:10, and then consolidate $ 2.55- $ 2.56 in close.
Technical analysis
$ 2.55- $ 2.56 zone continues to anchor support in the short term after repeated defense with high volume. Resistance is fixed at $ 2.65- $ 2.66, where the profit and whale flows triggered multiple refusals.
Momentum Bias leans Bearish, while XRP is acting during its 200-day MA ($ 2.63), although a sustained recycling over $ 2.60 could reset the structure for a further $ 2.70 test. Volume remains the key story: Spikes on dips show institutions that buy weakness, but lower heights suggest that supply still outweighs demand.
Which dealers are looking at
- $ 2.55 support – can it last throughout the weekend Asia sessions?
- Reaction of $ 2.65- $ 2.66 Resistance Zone on Next Uptick.
- Binance Whale flows as a signal of continued distribution or rotation.
- Leverage slak potential if open interest ($ 1.36 b) remains elevated.
