XRP Slides 8% Over Seven Days Toward $1.30 Support

An eight-month high, a fading daily print

XRP traded near $1.38 early on Tuesday, a quote that leaves the XRP price down 8.28% over the past seven days after a 2.48% daily decline, and about 37% below the levels above $2.20 the token occupied in late 2025. Monday's session had already seen the asset hold above $1.35 following a 16% slide from $1.66 earlier in the month. CoinGecko market data at the time of the snapshot showed a market capitalization near $86.8 billion on a circulating supply of roughly 63 billion XRP, with daily trading volume at $2.15 billion, though a subsequent October 13 snapshot placed the token closer to $1.36 before it returned to the $1.38 area. Derivatives positioning across the XRP market splits into two readings. Open interest, the tally of derivative contracts still open rather than trades already settled, averaged roughly $511 million across 30 days on Binance's XRP futures, the highest such figure in eight months. The most recent daily print points the other way: about $467 million, $44 million beneath that monthly average, with a 30-day rolling Z-score near -0.99 placing current positioning almost a full standard deviation under its mean. The daily decline in open interest was recorded while the token traded near $1.41, so the thinning came alongside falling prices rather than after them. CryptoQuant analyst Arab Chain, whose open-interest data documents the gap, notes that the metric counts longs and shorts alike, so the pullback may reflect closed-out positions or thinner demand for new leveraged trades in the perpetual futures market rather than any shift in directional conviction. The daily chart added a cautious tone, with the RSI below 50 and the MACD beneath its signal line, both short of their bullish thresholds, while the $1.30 area, where buyers have repeatedly stepped in, stands as the nearest major support and $1.45 to $1.50 as the first resistance band.

Our composite support and resistance scoring, taken with the token at $1.3757, grades the nearest support at $1.3151 at 91 out of 100 and the nearest resistance at $1.4227 at 96/100, so the market sits between the two most heavily weighted levels on the XRP technical analysis map. Momentum reads neutral-weak, with an RSI of 43.20, a bearish MACD signal and a sideways trend label. Positioning leans long even as funding stays soft: the perpetual funding rate prints -0.0018% and the long/short account ratio stands at 3.12, near three long accounts for every short. Losing $1.3151 would hand control to sellers, while a close above $1.4227 would reopen the recovery path.

Midterm history and 2027 chart targets

With the U.S. midterm elections approaching in November, analyst EGRAG CRYPTO turned to election-year history in an October 12 post, comparing XRP's quarterly returns across 2014, 2018 and 2022. The figures he shared show a fourth-quarter gain of 423.1% in 2014 against declines of 39.4% in 2018 and 29.3% in 2022, a spread wide enough that three cycles establish no dependable pattern. Averaged over the same episodes, the first two quarters after a midterm produced -6.8% in Q1 and +20.1% in Q2, a compounded result near zero; Bitcoin's equivalent read 19.7% and 59.7%, compounding to roughly 86.5% across the first half. EGRAG suggested Bitcoin could lead a market recovery before capital rotates toward XRP and other altcoins, while stressing the sample covers only three cycles. A separate October 13 post laid out longer-dated projections for 2027: an initial expansion target of $6.40, a fractal-based objective of $10.38 and a possible macroeconomic cycle peak between $20 and $27. From $1.38, the first of those requires a gain of about 364%, the second roughly 652%. Carolina, another market analyst, keeps her preferred bullish scenario valid while last Thursday's low holds, marking the $1.39 to $1.32 band as the area that decides direction, $1.70 as the first recovery objective and $2.00 or higher beyond a confirmed breakout. The targets depend on support holding and a confirmed upward breakout, neither of which the latest market reading established. House research reached a similar near-term read, seeing XRP retesting $1.35 support before a rebound. None of the long-dated projections is backed by confirmed buying demand or announced institutional transactions; they remain chart work. The distance that matters near term is narrower: $1.30 of support below the market and $1.45 to $1.50 of resistance above it, with $1.38 sitting far closer to the floor than to the ceiling.