XRP: Still Here. Somehow. 🚀

So, XRP, still a thing then. After a week that felt like someone accidentally set the financial markets to ‘random’ – whales dumping things, liquidations happening with alarming regularity, and everyone holding their breath for an ETF that may or may not arrive – the price is, well, hovering. Around $2.44. Honestly, it’s a marvel it’s still functioning. 🤔

The Great $2.10 to $2.80 Existential Corridor

Apparently, $2.10 is where 2.54% of all XRP decided to take a nap. A strategic nap, obviously. On the other hand, $2.80 is where 3.97% of XRP decided to… also nap, but with more ambition. These numbers, carefully curated by something called Glassnode, seem to represent ‘psychological barriers’. Which, let’s be honest, is just a polite way of saying “people bought here, and now they’re worried.”

As of October 16, 2025, XRP is stuck. Yes, stuck. Between these two theoretical naps, with $5.8 billion shifting around each day. Unless something dramatically unexpected happens – and let’s be real, with crypto, something always does – analysts predict more of this. More… sticking. 😴

Whales, Institutions, and the General Sense of Dismay

Now, things got a little bit dramatic. Between October 14th and 15th, someone (read: large holders) decided to offload 2.23 billion tokens, which is roughly equivalent to several small countries’ GDP. This caused the price to wobble, dip, and generally look rather distressed. And roughly $10 billion vanished. Poof. Just like that. Open interest was halved too, because nothing says “healthy market” like a panicked scramble for the exits. 📉

Turns out, it wasn’t your average retail investor doing the selling. It was the big institutions. Apparently, they had better things to do with their money. Like funding a lunar base or building a really, really big yacht. Who are we to judge?

Technicals: Or, How to Read Tea Leaves With Numbers

According to people who stare at charts for a living, XRP is currently…near some numbers. $2.40-$2.42 is ‘support’. $2.55-$2.56 is ‘resistance’. This information is brought to you by the Department of Thoroughly Obvious Statements. Volume is…well, it’s there. Buyers haven’t quite decided if they want to participate in this whole thing. Momentum oscillators are feeling a bit sorry for themselves.

If it goes above $2.55, that’s good. If it stays above $2.40, that’s…also good? If it goes below $2.40, well, then it’s back to $2.10, where all the other napping XRP is. Sounds exhausting, honestly. 😫

Speculation and the All-Important Liquidity Sweep

Coinglass, a website that probably knows more about this than any of us, noticed a ‘liquidity sweep’ occurred earlier this month near $2. Apparently, someone swept up all the available liquidity. This could mean a rebound. Or it could mean absolutely nothing. It’s really a toss-up at this point. Other people on the internet (specifically a chap named Ali Martinez) think $2 might be a good place to buy. If you’re feeling particularly optimistic, that is.

The $3 Dream (and the Swell Conference)

A trader named TurboBull21 (yes, really) has identified $2.32 as a crucial support level. Apparently, this number previously led to all-time highs. A bounce from here could push the price to $3.04, which would be nice. This aligns with the upcoming Swell 2025 conference, where industry giants like Nasdaq and BlackRock will be present, presumably to discuss…things. Important things. 🧐

If the ETF gets approved (a big “if”), and everyone suddenly decides XRP is amazing, then maybe, just maybe, it’ll hit $3 by the end of the year. But it all depends on regulators, and honestly, nobody knows what they’re going to do next.

The Bottom Line (Or, Where Do We Go From Here?)

Right now, XRP is doing…its thing. It’s stuck in a range. Traders are watching. Whales are probably planning their next move. And the $2.10-$2.80 zone remains the key battlefield. ⚔️

If everyone starts buying again, and the ETF magic happens, $3 is possible. If selling continues, then…well, it’ll probably go lower. The next few weeks will be critical. Mostly because the alternative is too depressing to contemplate.

2025-10-17 03:13