🚨 XRP pulls back to $1.50!
October is usually weak, but three major signals are “supporting the market”?🔥
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XRP just surged to $1.63, then immediately dropped more than 7%.
The price is now back around $1.50. While the short-term momentum has clearly cooled, it’s still up about 15% over the past 7 days. More importantly, this pullback currently looks more like profit-taking after a breakout—not a complete reversal of the trend.
👀 What’s really interesting is this: October is typically a relatively weak month for XRP, yet on-chain and fund-flow data are showing three relatively bullish signals right now.
First, 🐋 the whales are still active.
According to Santiment data, some large wallets have continued to accumulate XRP recently. Wallets holding between 10 million and 100 million XRP, along with certain smaller whale accounts, have collectively added about 350 million tokens. At the same time, the XRP network growth metric has also climbed to its highest level since February this year.
Second, 💰 ETF flows haven’t stopped.
The latest data shows that the XRP spot ETF recorded roughly $18.04 million in net inflows on September 23, after about $20.02 million inflow the day before. In other words, while the price is pulling back, institutional demand has not noticeably disappeared for the moment.
Third, 📈 the derivatives market remains tilted bullish.
Even though XRP has dropped back below the breakout zone of $1.56–$1.60, some trading data still indicates that long positions hold an advantage. This suggests the market hasn’t fully turned bearish just because of this one pullback.
However, ⚠️ don’t jump to conclusions too quickly here.
Right now, the most crucial factor for XRP is its price level.
📌 $1.50–$1.53: first short-term support
📌 $1.44–$1.45: the next line of defense
📌 $1.35–$1.40: a deeper support zone
🔥 $1.56–$1.60: if it gets back above this range, that would signal longs have regained control
If XRP reclaims and holds $1.60, you can continue to watch around $1.70 above, and then $1.81 further up.
But if $1.44 can’t even be defended, then this rebound cycle will need to be reassessed.
So right now, XRP is pretty interesting: the price is pulling back, sentiment is cooling—but whales, ETFs, and some capital data are not weakening in sync.
Click the avatar to join the Jiujiu chat group for daily strategies 🚀
#xrp #瑞波币
October is usually weak, but three major signals are “supporting the market”?🔥
点击进入玖玖的粉丝群
XRP just surged to $1.63, then immediately dropped more than 7%.
The price is now back around $1.50. While the short-term momentum has clearly cooled, it’s still up about 15% over the past 7 days. More importantly, this pullback currently looks more like profit-taking after a breakout—not a complete reversal of the trend.
👀 What’s really interesting is this: October is typically a relatively weak month for XRP, yet on-chain and fund-flow data are showing three relatively bullish signals right now.
First, 🐋 the whales are still active.
According to Santiment data, some large wallets have continued to accumulate XRP recently. Wallets holding between 10 million and 100 million XRP, along with certain smaller whale accounts, have collectively added about 350 million tokens. At the same time, the XRP network growth metric has also climbed to its highest level since February this year.
Second, 💰 ETF flows haven’t stopped.
The latest data shows that the XRP spot ETF recorded roughly $18.04 million in net inflows on September 23, after about $20.02 million inflow the day before. In other words, while the price is pulling back, institutional demand has not noticeably disappeared for the moment.
Third, 📈 the derivatives market remains tilted bullish.
Even though XRP has dropped back below the breakout zone of $1.56–$1.60, some trading data still indicates that long positions hold an advantage. This suggests the market hasn’t fully turned bearish just because of this one pullback.
However, ⚠️ don’t jump to conclusions too quickly here.
Right now, the most crucial factor for XRP is its price level.
📌 $1.50–$1.53: first short-term support
📌 $1.44–$1.45: the next line of defense
📌 $1.35–$1.40: a deeper support zone
🔥 $1.56–$1.60: if it gets back above this range, that would signal longs have regained control
If XRP reclaims and holds $1.60, you can continue to watch around $1.70 above, and then $1.81 further up.
But if $1.44 can’t even be defended, then this rebound cycle will need to be reassessed.
So right now, XRP is pretty interesting: the price is pulling back, sentiment is cooling—but whales, ETFs, and some capital data are not weakening in sync.
Click the avatar to join the Jiujiu chat group for daily strategies 🚀
#xrp #瑞波币
