.png)
3 weeks ago
5
Aggressive bids carried price to $2.91 before sell pressure capped gains. Late-hour recovery showed algorithmic buying into resistance at $2.85.
Updated Oct 1, 2025, 6:17 a.m. Published Oct 1, 2025, 6:17 a.m.
XRP traded inside a compressed $0.09 corridor after an early push to $2.91 was met with sharp profit-taking. Buyers defended the $2.82–$2.84 zone, leaving the token consolidating at $2.85 into the close as volumes tapered. Analysts flagged bearish divergences while reserves rose on Binance, raising caution ahead of the $3.00 test.
News Background
- XRP has seen inflows of more than $6 billion over two days, driven by treasury adoption and speculative positioning.
- Regulatory focus sharpened as reports flagged zero corporate buy orders on Binance despite rising reserves.
- Wall Street technical desks advise caution until a breakout above the $3.00 threshold confirms trend direction.
Price Action Summary
Aggressive buying pushed XRP to $2.91 at 06:00 on 49.8 million in volume.
Profit-taking cut price back to $2.82–$2.84, with turnover well above the 24-hour average of 56.8 million.
Stabilization in a $2.85–$2.86 band, with volume thinning to 4.9 million.
Market cap closed near $2.85, consolidating gains but failing to retest session highs.
Technical Analysis
- Resistance hardened at $2.91 on heavy rejection volume.
- Support validated at $2.82–$2.84 with multiple buy spikes.
- Breakout through $2.85 at 01:43 on 1.5 million tokens signaled algo-driven demand.
- Late-session consolidation shows reduced selling pressure but weak conviction.
- Divergences forming on momentum indicators cap upside risk in near term.
What Traders Are Watching
- Can XRP reclaim $2.91 and close above $3.00 to flip resistance?
- Impact of Binance’s 19% reserve increase and whether inflows represent sell-side liquidity.
- Regulatory scrutiny around exchange behavior and reported lack of corporate bids.
- Fed’s dovish tone on rates as a tailwind for Q4 crypto flows.
More For You
Total Crypto Trading Volume Hits Yearly High of $9.72T
Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025
What to know:
- Combined spot and derivatives trading on centralized exchanges surged 7.58% to $9.72 trillion in August, marking the highest monthly volume of 2025
- Gate exchange emerged as major player with 98.9% volume surge to $746 billion, overtaking Bitget to become fourth-largest platform
- Open interest across centralized derivatives exchanges rose 4.92% to $187 billion
More For You
Ripple CTO David Schwartz to Step Back, Joins Board
Ripple confirmed that Dennis Jarosch, the firm’s senior vice president of engineering, will lead technical operations going forward.
What to know:
- David Schwartz, Ripple's CTO, is stepping back from daily duties to become 'CTO emeritus' while remaining active in the XRP community.
- Schwartz, a key architect of the XRP Ledger, announced his transition to focus on family and personal projects related to XRP.
- Dennis Jarosch will take over technical operations as Ripple aims to expand the XRP Ledger's applications beyond payments.
