XRP Price News: Stabilizes After Early Dip, Traders Eye $2.40 Breakout
XRP recovered from an early dip to $2.19, stabilizing near $2.33 amid macro fears and ahead of spot XRP ETF deadlines, with traders watching a $2.40 breakout.Summary
XRP demonstrated defensive trading, recovering from an early session dip to $2.19 to settle at $2.33, marking a 1% gain, as institutional buyers absorbed selling pressure. This stabilization occurred amidst renewed U.S.–China tariff fears and cautious positioning ahead of the SEC deadlines for six pending spot XRP ETF filings, which conclude by October 25. Trading volume surged to 246.7M, nearly triple the average, as sellers capitulated near $2.23. Key technical support is seen between $2.23–$2.25, while the immediate resistance band is $2.35–$2.38; a confirmed breakout above $2.40 is what traders are watching for a potential move toward the $2.70–$3.00 range. Ripple's planned $1B treasury raise also bolstered market confidence.
(Source：CoinDesk)