XRP spiked above $2.90 on double-average volume before profit-taking reversed gains, leaving price back at $2.85. A fresh supply zone formed at $2.92–$2.93, while the $2.85 floor is now under scrutiny as macro headwinds weigh on flows.
News Background
XRP rallied 2% intraday on Oct. 8, jumping from $2.88 to $2.93 at 17:00 on 86.6M turnover — nearly double the 24-hour average of 48.3M. The move coincided with heightened geopolitical tensions and central bank maneuvering, which fueled broader volatility across risk assets. Traders noted that despite stronger institutional adoption trends, profit-taking dominated into the U.S. close.
Price Action Summary
XRP traded a $0.08 corridor (3% range) between $2.85 and $2.93.
Afternoon breakout through $2.90 resistance peaked at $2.926 before reversing.
The rally established a supply zone at $2.92–$2.93.
Closing hour saw price slip from $2.86 to $2.85, with 2.97M volume confirming a breakdown.
XRP settled at $2.851, down 2.5% from intraday
We współpracy z: https://www.coindesk.com/markets/2025/10/09/xrp-rejected-at-usd2-93-tests-usd2-85-support-after-failed-breakout
