XRP Holds Above $1.35 in Early Monday Trade After 16% Slide From $1.66

Update 15:37 UTC: A newer overnight reading shows XRP giving back part of that push, falling 1.79% as the wider market split into mixed trade.

A Thin Recovery From the October 7 Low

XRP opened the new week near $1.395 at 00:01 UTC on Monday, and the XRP price has spent the hours since rebuilding above the $1.35 line that sellers nearly took out at the end of last week. The descent to that point was steep. The token entered October close to $1.66, a high printed in late September, and heavy selling on October 6 and 7 drove the market down to about $1.32 before buyers absorbed the low. From peak to trough, that two-session selloff stripped out roughly 20% of the token's value, and the recovery has so far reclaimed only a part of the loss. The bounce itself remains unconvincing. Trading activity has stayed low across the past couple of sessions, which means the move back toward $1.40 carries little conviction, and the daily trend still leans down. Two moving averages frame the immediate picture. The 50-day average sits near $1.40, just overhead, while the long-term average near $1.34 rests directly beneath the current quote. Price has bounced off that lower line before, and that history is what gives the present position its weight: XRP is defending the last trend support it has left. A weak bounce on falling participation, with the token pinned under its medium-term average, is a recognizable bear market formation on the daily chart. It leaves the market boxed between a resistance band sellers have already defended twice and a floor that survived its most recent test by a margin of three cents.

The $1.35 to $1.50 Map

The level map explains why $1.35 has become the line in the sand. Support sits first at $1.35, then at $1.32, the recent low, with a deeper shelf waiting near $1.25, the zone where the August rally started. Resistance begins at $1.45 and extends into the $1.50 area, where sellers stepped in on two separate occasions, once in late September and again in early October. The relevant order types here are unambiguous daily closes rather than intraday pokes through a level. A close above $1.45 on rising volume would strengthen the recovery and put $1.50 in play, and a clean break above that zone would open a path toward $1.60. Holding $1.35 on any pullback would support that constructive scenario, because it would confirm buyers are still willing to defend the average that has produced bounces before. The downside mirror is just as sharply drawn. A close below $1.35 would fail the bounce outright and hand the initiative back to sellers, and the next stop would be $1.32. A break beneath that recent low points the market toward $1.25, and losing $1.25 would do more damage than an ordinary support break: it would undercut the structure of the summer's bull market, the rally that carried XRP out of the $1.25 zone toward $1.66 in the first place, and it would leave the token without an obvious floor above its August launch pad. XRP has now traded inside this narrowing range for roughly a week, and through that stretch the low turnover, the sideways drift under the 50-day average and the downward daily bias have persisted without either side giving way.

A separate technical reading adds quantified thresholds to that map. The correction is being framed as a downside wave within the four-hour chart that followed a 46% rise over the prior 90 days, and the market cap now stands near $93.7 billion, about 3.3% of total crypto value. On that analysis, a decisive push above $1.51945, the first gate of the corrective channel, would open targets at $1.72964, $2.11767 and up to $2.39911. The mirror scenario puts the key support at $1.37959, with $1.33098 and $1.10330 in play if it gives way, and $0.98427 flagged as the final floor that would break the macro uptrend. The October 27–28 FOMC meeting is cited as a swing factor, with CME FedWatch pricing roughly a 17.7% chance of a rate increase.

The push has since carried XRP through the $1.40 mark it had been fighting for days, a fresh reading that puts the quote above the 50-day average for the first time in the recovery. The move came as the wider market firmed: Bitcoin jumped back above $84,000 before sellers rejected it there again, Ethereum climbed past $2,550 on a 2% daily gain, and the total crypto market cap rose 1% to $2.830 trillion. Altcoin breadth was broad, with SOL, DOGE, LINK, HYPE, TRX, BNB, XMR and ADA all green, and NEAR, ICP, FIL, ZRO, ALGO and VVV posting double-digit advances. Whether XRP can now close above $1.45 on rising volume is the question the new level leaves open.

The weekend path behind that level adds context to the move. Bitcoin tried to break $87,000 early last week, stalled, printed a lower high at $86,600 on a second attempt, and then lost $85,000 on the way down to $83,500, before sliding to $80,400, its lowest in more than two weeks. It bounced back to $83,500 on Friday, sat near $83,000 through the weekend, and jumped above $84,000 this morning despite rising Middle East tensions, only for sellers to push it back under that line. Its market cap edged up to $1.68 trillion per CoinMarketCap, with dominance slipping to 59.35%. ZEC added 6.3% to reclaim $1,300, and NEAR jumped more than 10% to $5.80.

A newer overnight reading shows XRP giving back part of that push, falling 1.79% as the wider market split into mixed trade. Bitcoin slipped 0.57% to $82,568.66, a level below both the weekend's $84,000 defense and the $83,000 floor, while Ethereum held its bid with a 0.84% gain to $2,524.57. Bitcoin dominance eased 0.08 percentage points to 59.37% and Ethereum's rose to 11.03%, and total market cap was put at $2.7945 trillion, a step down from the $2.830 trillion printed earlier in the day. The move came on unusually active derivatives books: 24-hour futures and options turnover jumped 134.62% to $717.76 billion, a condition that raises short-term volatility risk for a token still boxed under $1.45.

Sellers Held $1.50 Twice in Two Weeks

Our reading is that the repair is real but unproven. Since 00:01 UTC the wider market has firmed, with Bitcoin at $84,186, up 0.5%, and Ethereum at $2,569, up 1.2%, yet XRP has not answered that bid with volume of its own. The $1.45 to $1.50 band is where sell-side market makers have shown up twice in two weeks, and without a visible surge in participation a third defense of that band is the base case. Until a session closes above $1.45 or below $1.35, the token stays a range trade, and the low-turnover condition has now held for the past couple of sessions.