“The $ 2.40– $ 2.42 Support Zone is Crucial for XRP, with Buyers Defending this Level Amid Volatile Trading Conditions.”, – WRITE: www.coindesk.com
The $ 2.40– $ 2.42 Support Zone is Crucial for XRP, with Buyers Defending this Level Amid Volatile Trading Conditions.Updated Oct 15, 2025, 7:22 AM PUBLISHED OCT 15, 2025, 7:22 AM
(Coindesk Data)
What to Know:
- XRP ExperienCed A Sharp Decline Due to Macroeconomic Pressures and Market DeleverAGING, WITH OPEN INTEREST DROPping by 50%.
- Despite the Downturn, Spot Volumes Increated by 40%, Indicating Potential Institutional Re-Entry.
- The $ 2.40– $ 2.42 Support Zone is Crucial for XRP, with Buyers Defending this Level Amid Volatile Trading Conditions.
Heavy Deleveraging Across Derivatives Markets Drags Xrp Lower Before Buyers Defend The $ 2.40 Zone, Setting Up A Key Support Retst Heading Into Asia Trading.
News Background
- Xrp Traded Sharply Lower Through The October 14–15 Session As Macro Pressure and Broad Crypto DeleverAging Sent Open Interest Down 50% to $ 4.22 Billion.
- Despite The Washout, Spot Volumes Jumped 40%, Signaling Institutional Re-Entry.
- Ripple’s Newly AnnounCed Partnership with Immunefi – A $ 200,000 Xrp Ledger Security Test Running Oct. 27 – Nov. 24-Helped Anchor Sentiment After An Early-Session Slide.
Price Action Summary
- Xrp Fell 1.97%, Sliding from $ 2.54 to $ 2.49 While Swing Through A $ 0.16 Band ($ 2.55– $ 2.39) – Roughly 6% Intras Vlatitivity.
- Buyers stepped in repeatedly at $ 2.40– $ 2.42, Defending Key Support After A Middle Capitulation.
- Volume Exploded to 179.4 M at 13:00, Nearly Double the 24-HOUR AVERAGE, VALIDATING ACCUMulation at the Lows.
- Selers Capped Rebounds Near $ 2.53, WHERE CONSISTENT DISTRIBUTION FORMED A NEAR-TRIM CEILING.
- LATE-SESSION TRADE SAW XRP RECOVER MODESTLY TO $ 2.50 As Dip-Buying Stabilized Order Books.
Technical Analysis
- The $ 2.40– $ 2.42 Area Remains the Critical Pivot for Bulls. Multiple Rebounds Confirm Institutional Defense, But The Momentum Remains Fragile Below The $ 2.53– $ 2.55 Resistance Cluster.
- A Sustaned Break Below $ 2.40 Wuld Open Downside Targets at $ 2.33 and $ 2.25, While Reclaiming $ 2.53 Could Re-Establish An Advance Town The Broadeer $ 2.65 Breakout Line Line.
- Volume-Weightd Metrics Point to Accuumulation Amid Forced Unwinds-A Classic Short-Term Base-Building Phase Funding Normalizes.
What Traders Are Watching
- Whather $ 2.40 Continues to Hold Through Monday’s Asia Open.
- Re-leveraging signs after Open Interest Halved on Derivatives Exchanges.
- Volume Follow-Through Above $ 2.50 CONFIRMING ACCUMULATION.
- Macro Headlines Tied to Trade-War Rhetoric and Fed Policy as Valativity Drivers.
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What to Know:
- Trading Activity Falls 17.5% In September Slowdown: Combined Spot and Derivatives Volumes Droped to $ 8.12 Trillion, Marking The FIRST DECLINE AFTER THREE MONHS OF GROWTH. September Has Now Seen Reduced Trading Volume for the Fourth Consuctive Year.
- Open Interest Reaches Record High Despite Derivatives Market Share Decline: Total Open Interest Surged 3.2% to $ 204 Billion and Peaked at An All-Time High of $ 230 Billion During the MONTH.
- Altcoins on cme Outperform as Bitcoin and Ether Futures Decline: While CME’s Total Derivatives Volume Stayed Flat at $ 287 Billion (-0.08%), Sol Futures Jumped 57.1% to $ 13.5 Billion and Xrp Futures Rose 7.19% to $ 7.84. BTC and Eth Futures Fell 4.05% and 17.9% Respectvely.
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