Bitru Research Sees XRP Retesting $1.35 Support Before Rebound

Bitru Flags a $1.35–$1.38 Retest

XRP may have to revisit the $1.35–$1.38 support zone before any sustained rebound takes hold, Bitru Research concluded in an assessment published on Monday, October 12. The research desk framed the recovery question around two drags: leveraged long positions that have grown crowded, and whale investors who have stopped adding at these levels. The XRP price spent Monday holding the upper half of that band, changing hands near $1.35 in live monitoring, about 4% lower over the past 24 hours and marginally below the $1.38 level it defended earlier in the session. The call lands after a week of heavy selling: the token slid roughly 16% from $1.66 before early Monday trade stabilized it above $1.35, leaving it well off the levels it held before the slide, and the broader altcoin market has offered little cover. The positioning split is the sharper part of the diagnosis. Across the futures market, traders have concentrated in long contracts that pay only if the price climbs, while buying in the spot trading market has stayed thin. Bitru's warning is mechanical rather than rhetorical: when leveraged buyers run out of collateral, exchanges force those positions closed, and a routine dip turns into a faster, deeper sell-off. A break of the zone could therefore cascade well below where the underlying demand would otherwise hold. A meaningful rebound, on that framing, needs either those longs to survive the test or fresh demand to arrive before it, and neither condition is visibly in place yet. Bitru also flagged a quieter anomaly: XRP keeps leaving exchange wallets, a pattern that usually signals accumulation, yet the desk finds no large-scale bid behind the drawdown. Until whale inflows confirm otherwise, the desk treats the zone as a live question rather than a settled floor, and expects the test to come before momentum turns.

Whale Inflows Weakest Since 2021

The flow problem behind the zone has a number. Average whale inflow over the past three months has run at $61 million, the lowest reading since 2021. That drought removes the buyer of last resort at exactly the moment the exchange supply drawdown would normally argue for one: fewer coins sitting on venues, but no institutional bid absorbing them, and trading volume on the buy side thin. Whales set the ceiling on any rally here, because their orders are the ones that thicken order books above the current price, and the three-month average captures exactly that missing weight. Technicians draw the same map from the chart. In the current XRP technical analysis, $1.38 decides the short-term direction: holding it opens a path through $1.45 toward $1.50, losing it brings $1.35 back into play. Momentum readings lean bearish across the board. The relative strength index printed 45.05 in the snapshot behind the note, while the MACD and the Chaikin money flow both show sellers holding the tape. Fund-level demand tells the more encouraging half of the story. XRP-focused exchange-traded funds absorbed a net $11.3 million across five trading sessions, the only demand line that has grown through the week's selling, modest by ETF standards but the sole net-positive flow the desk counts. Attention has also gathered around Evernorth's XRP treasury debut on Nasdaq under ticker XRPN, a listed vehicle whose open-market purchases create a standing bid independent of crypto-native whales. Both channels matter for the $1.35–$1.38 zone, because the zone holds only if someone keeps buying the dips. A move through $1.50, technicians note, would also clear the round level that has capped every rebound attempt since the slide began. The arithmetic traders face is direct: renewed institutional demand could carry the price through $1.50, while a whale bid that never arrives leaves $1.35 as the next stop.

Our composite scoring, which grades each support and resistance out of 100 from the indicators clustered there, puts the nearest support at $1.3428 with a score of 96 and the first resistance at $1.4279 with a score of 100. Positioning corroborates the leverage warning: the perpetual funding rate sits at -0.0035% and long accounts outnumber shorts 2.84 to 1, with 73.9% of accounts on the long side. Momentum has cooled since the morning snapshot, with the relative strength index at 38.94 and a bearish MACD signal, while the Fear and Greed Index still prints 69, greed territory. That tension is the standing read: crowded longs beneath a falling tape. The picture shifts if average whale inflows climb back above the $61 million pace, or if the $1.3428 shelf gives way and hands the tape to the next support cluster below.