XRP Price Today: XRP Bounces Toward $2.40 as Bulls Defend Key $2.20 Support

The XRP price today is showing early signs of resilience, rebounding from a sharp intraday dip as buyers defend critical support levels amid market volatility.

After sliding to around $2.19 in early trading, XRP climbed back to $2.37, signaling that bulls may be regaining some control despite cautious market sentiment.

The move comes amid broader macroeconomic uncertainty, renewed tariff tensions between the U.S. and China, and investor positioning ahead of potential regulatory announcements tied to XRP ETF approval in the coming week.

XRP Shows Defensive Strength Amid Early Sell-Off

During Saturday’s volatile session, the current XRP price fluctuated between $2.23 and $2.38 — a 6.5% intraday range—before stabilizing at $2.33. Market data shows that trading volume surged to 246.7 million during the morning sell-off, nearly tripling the 24-hour average as sellers capitulated near $2.23.

XRP Shows Defensive Strength Amid Early Sell-Off

XRP was trading at around $2.379, up 4.22% in the last 24 hours at press time. Source: XRP price via Brave New Coin

Institutional buyers absorbed much of the selling pressure, helping the Ripple XRP price recover from its early lows. This reaction hints at strong demand around the $2.20 zone, which remains a key technical support for short-term traders.

According to analysts, the defensive recovery suggests that bearish momentum may be slowing, with buy programs stepping in near the $2.20 mark, which has been acting as a critical accumulation zone.

Regulatory Developments and Ripple Treasury Plans Boost Sentiment

The market is closely watching the Grayscale XRP ETF review window, which runs through October 25. The outcome of these regulatory reviews could have significant implications for the XRP price forecast in the weeks ahead.

Regulatory Developments and Ripple Treasury Plans Boost Sentiment

Ripple announces a $1 billion acquisition to expand its presence in the $120 trillion global treasury market. Source: Diana via X

Meanwhile, Ripple Labs is reportedly preparing to raise up to $1 billion to buy XRP for its treasury. This move is widely seen as a supply-sink mechanism that could reduce selling pressure and support the XRP coin price.

Ripple’s planned treasury raise sends a strong signal of confidence and, if executed effectively, could provide a near-term cushion for the price of XRP while setting the stage for a more sustainable recovery.

Technical Indicators Point to Possible Recovery Setup

On the technical side, XRP’s momentum is showing subtle but encouraging signs. The Net Unrealized Profit/Loss (NUPL) metric for short-term holders has plunged to a one-year low of –0.20. Historically, similar readings have often preceded strong rebounds, as they signal that most holders are at a loss and that selling pressure is becoming exhausted.

Technical Indicators Point to Possible Recovery Setup

The post outlines a last bullish scenario for XRP based on a key technical support level, emphasizing cautious optimism amid high downside risk if the pattern fails. Source: CobraVanguard on TradingView

The Relative Strength Index (RSI) also shows a hidden bullish divergence—an early sign that the market may be preparing for an upside reversal. If XRP manages to break above $2.44 and later $2.59, analysts say this could confirm the start of a new recovery leg.

Conversely, if the XRP current price falls below $2.28, the bullish setup could weaken, opening the door for a retest of deeper support levels at $2.08 or even $1.77.

Key Support and Resistance Levels to Watch

  • Support: $2.20 remains the critical short-term support level. A sustained hold here would signal market confidence in the XRP value zone.
  • Resistance: $2.35–$2.38 is acting as immediate resistance, with a breakout confirmation needed above $2.40 to attract more momentum buyers.
  • Volume: The volume spike to 246.7 million suggests increased participation, possibly setting the stage for higher volatility in the coming days.
  • Trend: Short-term bias has turned cautiously bullish, with technical structure pointing toward reaccumulation after weeks of correction.

ETF Decision Looms as Next Big Catalyst

All eyes are now on the U.S. Securities and Exchange Commission, which is expected to make determinations on six pending spot XRP ETF approval filings between October 18 and 25. A favorable decision could serve as a major upside catalyst for the XRP price prediction 2025, potentially igniting a broader rally.

ETF Decision Looms as Next Big Catalyst

The post asserts that the U.S. Securities and Exchange Commission will approve Grayscale Investments’s spot XRP ETF on October 19, 2025. Source: @RippleXrpie via X

Traders are also monitoring global macroeconomic risks, as escalating trade tensions between Washington and Beijing continue to weigh on overall market sentiment.

Outlook: Tentative Strength but Conditions Still Fragile

While the XRP crypto price has bounced off its lows, market analysts urge caution. The underlying technical structure remains fragile, and speculative participation has not yet returned to pre-correction levels.

If the price of XRP can hold above $2.20 and break through the $2.40 resistance level with volume, a move toward the $2.70–$3.00 range could follow in the medium term. However, failure to maintain current support may see a retest of lower levels, prolonging the consolidation phase.

For now, the XRP price news reflects a market in transition—one where defensive buying, regulatory anticipation, and technical signals are intersecting. How these factors unfold over the next week will likely determine XRP’s next big move.

Source: https://bravenewcoin.com/insights/xrp-price-today-xrp-bounces-toward-2-40-as-bulls-defend-key-2-20-support