XRP Fades Below $2.60 as $63M Whale Sales Hit Binance

3 hours ago

raders are monitoring the $2.55 enactment and $2.65–$2.66 absorption zones for imaginable marketplace shifts.

Updated Oct 14, 2025, 5:46 a.m. Published Oct 14, 2025, 5:46 a.m.

Aggressive selling adjacent $2.66 absorption and a large Binance inflow awesome short-term organisation portion measurement information amusement organization dip-buying defending $2.55.

News Background

XRP’s rebound from Friday’s sub-$1.58 liquidation lows mislaid steam overnight arsenic caller whale enactment deed exchanges. A azygous 23.9 M XRP transportation (≈ $63 M) to Binance coincided with selling unit that erased aboriginal gains. The determination came arsenic unfastened involvement jumped 2.4 % to $1.36 B, suggesting leveraged positioning remains elevated adjacent aft the $32 B market-cap betterment that followed Trump’s tariff-driven crypto rout.

Broader hazard markets stabilized arsenic trade-war rhetoric softened, but derivatives desks flagged renewed abbreviated build-ups adjacent $2.65–$2.66.

Price Action Summary

  • XRP traded a $0.11 set (4 %) from $2.54 to $2.66 betwixt Oct 13 05:00 and Oct 14 04:00.
  • Volume exploded to 244.6 M astatine 13:00 — astir 3× the 91.8 M mean — confirming assertive dip-buying adjacent $2.55.
  • Price peaked astatine $2.66 during 20:00 hr earlier sustained sell-off drove a $2.55 close.
  • Bears extended power into the last hour, breaking $2.57 enactment connected 4 M measurement astatine 04:10, past consolidating $2.55–$2.56 into close.

Technical Analysis

The $2.55–$2.56 portion continues to anchor near-term enactment aft repeated high-volume defenses. Resistance is steadfast astatine $2.65–$2.66 wherever profit-taking and whale flows triggered aggregate rejections.
Momentum bias leans bearish portion XRP trades beneath its 200-day MA ($2.63), though a sustained reclaim supra $2.60 could reset the operation for different $2.70 test. Volume remains the cardinal tell: spikes connected dips amusement institutions buying weakness, but little highs suggest proviso inactive outweighs demand.

What Traders Are Watching

  • $2.55 enactment — tin it clasp done play Asia sessions?
  • Reaction to $2.65–$2.66 absorption portion connected adjacent uptick.
  • Binance whale flows arsenic a awesome of continued organisation oregon rotation.
  • Leverage unwind imaginable if unfastened involvement ($1.36 B) stays elevated.

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