XRP Rejects $2.67 Breakout in Risk of Deeper Pullback as Fed Cuts Cause Bitcoin Slide
Update: 2025-10-30
Description
XRP experienced a significant price drop on October 30th, failing to break above $2.67 and now facing heavy resistance at that level. Support is forming around $2.58, with the 200-day moving average near $2.61. Trading volume spiked to nearly 400 million tokens, and futures open interest reached nearly $2.9 billion, indicating strong interest and potential for a price surge or drop. Big wallets have started selling large amounts of XRP, raising concerns about profit-taking and potentially tipping the scales towards a slide lower. Momentum indicators show divergence, suggesting a loss in momentum and a near-term correction. Traders should be cautious in the current $2.58-$2.60 range, as a bounce could lead to a price surge, but a break in support could result in a quick drop towards $2.53 or $2.50. Monitoring volume, futures interest, and whale transactions will be crucial in determining XRP's next move.
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