XRP Faces Volatility as It Trades Within a Tight Price Range

On October 8, XRP attempted to break above the $2.90 level but quickly retraced due to profit-taking, closing the day near $2.85. A fresh supply zone has formed between $2.92 and $2.93, keeping the token confined within a narrow 3% range. While XRP’s mid-term institutional outlook remains intact, short-term momentum has weakened amid macroeconomic headwinds and regulatory uncertainty. Trading volume nearly doubled its 24-hour average during the volatile session, with an intraday surge from $2.88 to $2.93 driven by $86.6 million in trades. However, late selling pressure pulled prices back toward $2.85, ending the day down about 2.5% from the intraday high. The $2.92–$2.93 zone now acts as strong resistance, while $2.85 serves as immediate support. A break below that level could expose XRP to $2.80, whereas a rebound would require renewed buying strength. Market participants are closely watching risk sentiment tied to Federal Reserve policy expectations and trade tensions, as well as potential regulatory clarity and ETF inflows that could renew institutional demand. Despite short-term resistance, XRP’s broader outlook remains cautiously optimistic, with stability likely to persist unless a clear catalyst emerges.