“Technical indicators suggest oversold conditions, but a break above $1.96 is needed to reverse the current downward trend.”, — write: www.coindesk.com
News Background• Whale wallets dumped nearly 200 million XRP (~$400M) over 48 hours, triggering acute supply pressure
• Market-wide risk-off intensified as Bitcoin slipped below $90,000, pulling altcoins into deeper volatility
• Bitwise’s new XRP ETF posted $25.7M first-day volume and $107.6M AUM, signaling strong institutional demand
• Sentiment across majors remains fragile, with total crypto market cap still drifting under heavy outflows
Price Action Summary• XRP fell from $1.96 → $1.91, marking its lowest close in three sessions
• Volume spiked 67% above average to 182.1M, confirming institutional selling
• A descending channel dominated the session with 5.1% intraday volatility
• Capitulation bottom formed at $1.895, followed by a 0.5% late-session reversal
• Final-hour volume surged to 2.76M, breaking the pattern of declining activity
Technical AnalysisXRP’s session reflected a classic distribution-driven decline followed by early-stage reversal signals. Whale selling created sustained downward pressure as major holders offloaded nearly 200M tokens, overwhelming the $1.96 resistance band and pushing XRP into a descending channel that persisted through most of the session.
Support at $1.90–$1.91 emerged as the key battleground. The psychological level attracted aggressive buying after a capitulation event at $1,895, where institutional inflows reversed the intraday trend. Momentum indicators—including RSI and short-term stochastic—flashed deep oversold conditions, creating the first bullish divergence since last week’s major breakdown.
The strong 2.76M-volume spike during the bounce suggests early accumulation behavior, contradicting the prior multi-hour decline in participation. Still, the macro structure remains fragile. Bulls must force a clean break above $1.96 to invalidate the descending channel and attempt a trend reversal. Failure to defend $1.90 would expose the chart to a fast extension toward $1.82, then $1.73.
What Traders Should Watch• $1.90 remains the line in the sand. A close below opens the path towards October’s deep liquidity pockets
• Reclaiming $1.96 is essential to neutralize the descending channel and restore short-term bullish momentum
• ETF flows—especially Bitwise’s AUM trajectory—may provide upside catalysts if volume accelerates
• Divergences and oversold signals favor near-term bounce attempts, but whale distribution remains the dominant risk
• Market-wide fear levels remain elevated; XRP will continue to overreact to Bitcoin volatility
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
View Full Report
Michael Saylor’s company’s balance sheet isn’t at imminent risk of collapse, but further capital-raising efforts could surely be hindered unless conditions improve.
- Despite volatility, Strategy’s balance sheet faces no immediate stress, and the main pressure point sits about 18 months away when the first put option on the company’s convertible notes becomes exercisable.
- Performance has diverged across the preferreds, with the STRF and STRC series trading above issue, while STRK and STRD sit meaningfully below their launch prices.
- Management has multiple options should the bitcoin market remain under stress, but use of any is likely to hinder future capital-raising efforts.
Leggi tutta la storia