Xrp drops to $ 2.90 Support As Bullish Crypto Bets Rack Up $ 500m Liquidations

Traders Are Watching If XRP CAN HOLD The $ 2.85– $ 2.87 Support Band Amid Broader Market Pressures.Updated Oct 8, 2025, 3:39 AM PUBLISHED OCT 8, 2025, 3:39 AM

(Coindesk Data)

Xrp Fell Nearly 4% in Tuesday’s Session as Institutional Selling Hit Mid-Day and Forced a Breakdown from the $ 2.99 Resistance Zone.
A Volume Spike ALMOST SEVEN TIMES of the Daily Average ConfirMed Liquidation Flows, with Price Stabilization Only After Touching $ 2.878 Support.
Traders Now Eye Whather the $ 2.85– $ 2.87 Band Can Hold Ahead of Ripple’s Banking Charter Review Deadline.

News Background

• Ripple’s Push for A US National Banking Charter Has Drawn Scrutiny from Regulators, with The Oct. 7 OCC Deadline Marking A Key Moment in the Review.
• Global Macro Remains A Drag: Trade Disports and Divering Central Bank Policy Continue to Sap FX and Crypto Liquidity, A Headwind for Enterprise-Facing Tokens Like Xrp.
• On binance, Custody reserves rose ~ 19% over the week, Suggesting Distribution Pressure Even as Some Whale Accuumulation Continues on-CHAIN.

Price Action Summary

• Resistance: $ 2.993 ConfirMed As Ceering After Repeated Rejects on High Volume.
• Breakdown: The Heaviest Decline Occurred Between 13: 00–15: 00 UTC, AS Volumes Exploded to 586.9M and Price CollipSed to $ 2.878.
• Range: 24-Hour Span Covered $ 0.144 (4.8%)-Wider Than Recent Sessions, UndersCoring Fragile Order Books.
• Recovery: Final Hour Bounnce from $ 2.858 to $ 2.881 (+0.8%) Reflected Short-Term Stabilization as Algos Exploited Thin Liquidity.

Technical Analysis

• Resistance: $ 2.99– $ 3.00 Remains FIRM CEILING.
• Support: $ 2.85– $ 2.87 Band Is Key; Failure Opens Path Toward $ 2.70.
• Volume: 7x Daily Average on Liquidation Flows Highlights Institutional Exit Pressure.
• Trend: Lower Highs Under $ 3.00 – Bearish Bias Until Reversal Signals Emerge.
• Momentum: Small Recovery Late in Session Suggests Short-Term Stabilization, But Broader Setup Stays Fragile.

What Traders Are Watching

• WHETHER XRP HOLDS $ 2.85– $ 2.87 or Extends Decline Toward $ 2.70.
• Ripple’s OCC Charter Decision and Its Impact On US Regulatory Positioning.
• Bitcoin’s $ 125k Breakout – Does It Drag Altcoins Higher, or Does Xrp Decouple?
• Whale Flows After Binance Reserve Growth and Broader On -chain Distribution Patterns.
• Sec’s October ETF Decisions As Potential Sentiment Catalyst.

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