TLDR

• XRP trades at $2.49 with 1.5% daily gains but faces 13% weekly losses and 17% monthly declines
• Ripple secures first African custody partnership with Absa South Africa to expand institutional services
• Whale investors dumped 2.23 billion XRP tokens since last Friday, creating downward price pressure
• Derivatives market experienced $610 million in long liquidations, pushing Estimated Leverage Ratio to 2025 lows
• Technical analysis suggests 57% chance of rally to $5.20 but also 43% risk of drop to $0.50

XRP price currently trades at $2.49, marking a 1.5% increase during the trading session. The cryptocurrency has experienced volatility with prices ranging between $2.41 and $2.54 over the past 24 hours.

Despite daily gains, XRP faces pressure from broader market conditions. Weekly charts show 13% losses while monthly performance reveals 17% declines from previous levels.

Trading volume decreased 26% to $6.2 billion. The reduced activity comes as market participants assess recent price movements and whale behavior.

Large holders sold 2.23 billion XRP tokens since last Friday according to on-chain analyst Ali Martinez. The substantial selloff demonstrates shifting sentiment among major investors.

Derivatives Market Shows Deleveraging

The XRP derivatives market underwent substantial changes following liquidation events. Long positions worth $610 million were liquidated on October 11.

Open Interest dropped sharply from $8.47 billion on October 9 to $4.14 billion at present. The decline indicates reduced leverage across the market.

The Estimated Leverage Ratio fell to 0.155, reaching the lowest point recorded in 2025. This compares to 0.59 on July 16 when XRP traded at $3.41.

Exchange inflow data from Binance shows whale wallets moved large amounts to trading platforms throughout October. This activity typically precedes selling pressure and price declines.

Recent days show whale inflows trending downward. Continued reduction in these flows could signal easing selling pressure.

Ripple Partnership Expands Custody Services

Ripple announced a partnership with Absa South Africa for custody services. The collaboration marks the first major institutional custody agreement in Africa.

The partnership provides secure digital asset custody infrastructure. Absa South Africa will offer compliant storage solutions for institutional clients.

The Taker Buy/Sell Ratio remained below 1 for recent months. This metric confirms that selling volume dominates buying activity in current market conditions.

Price Analysis and Key Levels

Analyst CRYPTOWZRD identifies resistance at $2.75 as a critical level. Breaking above this point could push XRP toward $3.15 and $3.75 targets.

Losing support at $2.49 might trigger additional selling. A breakdown could send prices to $2.00 or lower.

Analyst EGRAG CRYPTO uses the Descending Broadening Wedge pattern for predictions. The analysis draws comparisons to 2021 market cycles.

EGRAG CRYPTO calculates a 57% probability for breakout to $5.20 or higher. The same analysis shows 43% odds of decline to $0.50 levels.

The psychological $3 level presents a major barrier for bullish moves. Price action between $2.50 and $2.77 creates additional resistance zones.

Bitcoin price movements influence XRP trends. A Bitcoin rally past $117,000 could provide support for altcoin recovery.

The daily chart shows a local high at $3.09 that must be exceeded for bullish structure. Current technical indicators suggest traders should exercise caution with long positions.