XRP Price Analysis

XRP continues to trade under selling pressure as technical indicators suggest limited momentum for a near-term rebound. The token hovers around $2.28 on the 4-hour chart, holding below major exponential moving averages.

Despite attempts to recover, sellers maintain control near key retracement zones. Analysts note that the current structure shows a corrective pattern, with resistance levels continuing to cap upside attempts.

Resistance Levels Define XRP’s Near-Term Path

The $2.39 level remains the first major resistance, aligned with the 20-day EMA and the 0.5 Fibonacci retracement zone. Above that, the $2.51–$2.64 range forms a strong resistance cluster that combines the 50, 100, and 200 EMAs.

This zone has historically attracted profit-taking, often halting short-lived rallies. A decisive close above $2.64 could change the market structure and open the path toward $2.77 and $3.10. However, until that occurs, XRP’s broader trend remains downward.

Immediate Support Levels

On the downside, immediate support is located near $2.16, corresponding to the 0.382 Fibonacci level. Failure to hold this level could expose XRP to deeper pullbacks toward $1.94 and $1.58, both of which mark crucial liquidity pockets. Maintaining strength above $2.16 is essential for bulls to attempt another recovery phase.

Rising Open Interest Signals Speculative Activity

Market data shows XRP’s open interest climbed sharply through 2025, peaking at more than $9 billion in April. Although activity has cooled, current levels around $3.81 billion remain elevated.

This suggests traders are positioning for volatility as XRP consolidates. The correlation between price stagnation and high open interest reflects increased leveraged trading and speculative positioning, often preceding significant price moves.

Inflows Point to Renewed Accumulation

CoinGlass data indicates a net inflow of $15.42 million on October 17, marking a shift after consistent outflows in recent months. This inflow occurred as prices steadied near $2.29, hinting at potential accumulation near support zones. Historically, such inflow spikes have preceded short-term recoveries, particularly when supported by broader market sentiment.

ETF Expectations Adjust After Regulatory Delay

As reported by Coin Edition, speculation around an XRP ETF has cooled following clarification from legal experts. The October 19b-4 filings did not indicate a launch date but represented procedural steps in the SEC review process.

The filings will resume once the government reopens, and ETFs could proceed soon after. Consequently, investors continue to monitor regulatory developments while positioning for potential shifts in liquidity once approvals move forward.

Technical Outlook for XRP Price

Key levels remain well-defined heading into late October, with XRP consolidating near the $2.28 mark. Upside resistance is positioned at $2.39 (20 EMA and 0.5 Fibonacci level), followed by $2.51 (50 EMA and 0.618 Fib). A breakout above these thresholds could pave the way for a retest of $2.64 (100 EMA) and $2.77 (200 EMA cluster). The $2.77 region remains the primary ceiling for medium-term bullish confirmation.

On the downside, support rests at $2.16 (0.382 Fib), marking a critical defense zone for bulls. A breakdown below it could expose $1.94 and the prior swing low near $1.58, where liquidity concentration remains dense. These levels define the lower boundary of the ongoing corrective range.

The technical structure shows XRP compressing between converging EMAs, suggesting potential volatility expansion once a decisive breakout occurs. Momentum indicators still favor sellers, yet the market’s elevated open interest above $3.8 billion indicates strong trader engagement.

Will XRP Hold $2.16?

XRP’s short-term direction hinges on whether buyers can defend the $2.16 support long enough to reclaim $2.51–$2.64. Sustained inflows and a close above $2.64 could mark a structural reversal, setting the stage for a rally toward $2.77 and possibly $3.10.

However, failure to maintain the current support would likely deepen the correction, potentially driving XRP toward $1.94 or $1.58. For now, XRP remains in a pivotal consolidation zone where conviction and liquidity flows will determine the next breakout phase.

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