The post Ripple Plunges 40% Before Recovering to $2.20 appeared on BitcoinEthereumNews.com.

XRP collapsed as much as 42% in Friday’s trade, its sharpest one-day drop in recent years, as whales liquidated across major venues and futures open interest fell $150 million. The selloff drove price as low as $1.64 before a partial recovery to $2.36, with volumes surging 164% above the 30-day average — a sign of forced deleveraging across corporate desks. What to Know • XRP fell from $2.82 to $2.36 between Oct 10, 01:00 and Oct 11, 00:00, posting a 16% daily loss.• Intraday volatility peaked at 43%, with prices briefly wicking to $1.64 during high-frequency liquidation sweeps.• Institutional futures open interest dropped from $9.0B to $8.85B as long liquidations hit $21M versus $2M shorts.• 320M XRP transferred to exchange wallets in the past week, confirming whale distribution pressure.• Late-session buying stabilized price near $2.35–$2.40, with accumulation volumes exceeding 12M in the final 15 minutes. News Background • Ripple’s ecosystem faces macro and structural stress: global trade tensions, diverging central-bank policy, and uncertainty over U.S. digital banking licenses.• Ripple’s National Trust charter deadline passed on Oct 7, heightening regulatory risk premiums around XRP-linked institutional products.• Despite the drawdown, on-chain data shows long-term holders adding below $2.40, suggesting value-based repositioning. Price Action Summary • XRP opened near $2.82 and sold off aggressively by mid-session, breaching key supports at $2.70 and $2.50.• The heaviest liquidation occurred between 15:00–21:00 UTC, when hourly volume hit 817.6M.• Low of $1.64 marked potential capitulation point; bounce to $2.36 capped at resistance around $2.84.• The final 60 minutes (23:41–00:40) saw a stabilization move from $2.31 → $2.38 (+2%), with algos breaking $2.35 on sustained bids. Technical Analysis • Support: Established around $2.30–$2.35; extended downside risk to $2.22 if volume dries up.• Resistance: Layered at $2.84–$2.90, with $3.05 as macro breakout trigger.• Volume: Up 164% vs. 30-day average…

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Filed under: News - @ October 11, 2025 4:19 pm