Overview

• XRP is compressing in a tight $2.34–$2.39 range, recently ticking near $2.32–$2.35 as liquidity thins into a potential pre-break setup.
• Technicians flag a bearish 50/100-day moving average crossover and a softening RSI, with downside scenarios pointing to $1.93 or $1.70 and a worst-case revisit near $1.55.
• Strategists say a decisive, high-volume reclaim of roughly $2.40 could flip momentum and target $2.47–$2.65 in the next leg.
• Traders are watching the SEC’s review of six spot XRP ETF filings and Ripple’s proposed $1 billion raise, with several ETF decision windows highlighted around October 25.
• A recent $19 billion cross-crypto deleveraging drove an XRP flash crash below $1.60 before a rebound above $2.20, and desks report rotation to cash as U.S.–China tensions weigh on risk appetite.