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

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.

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.