XRP is currently trading around $1.29 as of October 15, following a challenging session that has seen it dip approximately 2.7%. The token experienced a volatile day, opening at $1.3304, peaking at $1.3339, before plummeting to a low of $1.2847.
This recent downturn has pushed XRP below its previously established rising trendline, raising concerns about its bullish momentum. After rebounding from an August low near $1.00, XRP had managed to establish a short-term uptrend throughout September and early October. However, the breach beneath the trendline signals a potential weakening in buyer support.
Currently, market participants are keenly focused on defending the next critical support zone, which lies between $1.25 and $1.30. This area is crucial for buyers as XRP navigates its current price point.
Chart Analysis
The daily Relative Strength Index (RSI) is hovering at 35.06, indicating that XRP is nearing oversold conditions, though it has not yet reached that threshold. This suggests that sellers still maintain a degree of control over the market.
Additionally, the Moving Average Convergence Divergence (MACD) indicator remains weak, further corroborating the view that upside momentum has cooled significantly. Should the $1.25-$1.30 support zone fail to hold, the next significant support level could be found between $1.00 and $1.10. Conversely, for XRP to regain its footing, it must first reclaim resistance in the $1.38-$1.42 range, with a broader resistance zone looming around $1.55-$1.65.
Market Backdrop and Analyst Insights
The crypto market has recently undergone a significant liquidation event, with total liquidations amounting to $959.43 million over a 24-hour period. Notably, long positions accounted for a staggering $879.71 million of this total. Such liquidation events often exert considerable pressure on larger altcoins, including XRP.
In the past 12 hours alone, liquidations reached $669.25 million, with long positions representing $624.86 million. Analyst Ali Charts noted that XRP appears to be trading within a parallel channel on the hourly chart. He suggested that the token could still descend toward the lower boundary near $1.25 before staging a potential rebound.
XRP REBOUND INCOMING!?$XRP appears to be trading inside a parallel channel on the hourly chart.
This structure suggests XRP could still drop toward the lower boundary around $1.25 before seeing a meaningful rebound.That’s the level I’m watching for a potential buying… pic.twitter.com/Et9Q11p08w
— Ali Charts (@alicharts) October 15, 2026
Ali Charts emphasizes that $1.25 is a pivotal level for potential buying opportunities, suggesting that a bounce at this point could propel XRP towards the mid-range at $1.42. The upper limit of this channel is situated near $1.60.
Ripple has continued to bolster its institutional presence, announcing on October 14 partnerships with DriveWealth and Meritz Securities. The collaboration with DriveWealth aims to enhance institutional digital-asset infrastructure for global investment platforms, while the partnership with Meritz focuses on custody and tokenization in Korea’s capital markets.
In recent developments, Ripple also shared that Standard Chartered has launched RLUSD custody and is set to engage in collateral integration with Ripple and LMAX Group.
As of October 14, U.S. spot XRP exchange-traded fund (ETF) flows have remained relatively flat, with tracked ETF holdings showing a minor reduction of -3.4K XRP. A separate tracker indicated a partial daily total of approximately $0.7 million in net inflows, with only two out of five funds reporting at that time.
As it stands, XRP maintains its position within a broader recovery range, currently holding steady near $1.29 but above the critical $1.25 support level.
