XRP price has had a wild few weeks. The token rose towards $3.04 before swooning back to around $2.35, with a dramatic flash crash at one point sending it as low as $1.25 before it recovered. Spikes like those usually mean one thing: leveraged traders getting washed out and large players coming to sweep up the liquidity.
But this week isn’t just about the charts. Ripple has been making some serious business plays behind the scenes.
Today, October 19, Ripple announced it’s acquiring GTreasury for $1 billion, a huge step into corporate finance.
The plan is to merge blockchain with traditional treasury systems, helping CFOs manage tokenized deposits, stablecoins, and real-time global liquidity using Ripple’s tech.
At the same time, Ripple revealed plans to launch a $1 billion XRP Treasury Firm through a SPAC deal. The new company will hold XRP as its main reserve and provide liquidity for institutions. Ripple even moved $500 million XRP into a non-escrowed wallet, likely in preparation for that.
And in another headline, Ripple’s Chief Legal Officer, Stuart Alderoty, fired back at The New York Times for calling crypto a tool for crime. He reminded everyone that over 55 million Americans use crypto for financial access, part of Ripple’s ongoing push to position itself as a serious player in mainstream finance.
So while XRP price is showing some weakness on the chart, the fundamentals behind Ripple’s ecosystem are getting stronger.
What you'll learn 👉
What the XRP Chart Is Showing
On the 4H chart, XRP has been trading in a downtrend channel since mid-September. The token lost momentum after the summer rally and broke down below the $3 level eventually, which confirmed a short-term bearish setup.
That huge wick down to $1.25, followed by a quick rebound above $2.30, looks like a classic liquidity grab, when big money clears stop losses before reversing the trend.
The next key resistance now lies in the $2.90 to $3.00 area. If bulls manage to break that zone with high volume, XRP price could push up to $3.30 and perhaps even $3.65, where the most recent significant rejection happened.
On the flip side, if XRP fails to hold above $2.30, a retest of $2.10 seems likely, with a possible dip toward $1.85, which served as major support back in August.
Market Indicators
The RSI is sitting around the neutral zone at 52, showing that the market is undecided. It’s not overbought, not oversold, just waiting for a clear direction. This kind of setup often comes before a breakout in either direction.
Open Interest has dropped sharply, from above $1 billion to roughly $330 million. That’s a clear sign traders are closing positions and leverage is being flushed out of the system. This usually resets the market and can lead to a healthier, more sustainable move later.
Meanwhile, Net Longs and Shorts are almost perfectly balanced, another sign that the market is cooling off. But this calm rarely lasts. Once volume returns, things could move fast, and probably in a big way.
The MACD has started to even out after such a long bearish trend, showing bears’ pressure to go down may be subsiding. If the lines turn and cross above, that would mark the beginning of a short-term reversal.
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XRP Price Short-Term Outlook for the Week
In the short term, XRP looks neutral with a slight bearish bias. The token needs to remain above $2.30 for short-term support. If bulls step in and breach $2.80–$3.00, the trend may shift bullish again, with the route to $3.40 or higher remaining open.
But if it goes below $2.10, the next good support comes around $1.85. A break below that would confirm another leg down, especially if trading volumes stay muted.
Ripple’s billion-dollar deals might not instantly reflect in XRP price, but they do set the stage for future strength. For now, traders should watch how price reacts around $2.30, that’s the zone that could define this week’s direction.
Right now, XRP sits at a crossroads. The charts show exhaustion after a strong summer, but Ripple’s recent business moves suggest long-term confidence. If price can stabilize and volume returns, a reversal could be around the corner.
In the near term, monitor the $2.30–$3.00 range. Retaining that range could be a sign of a near-term bounce; losing it could be a sign of a more important correction. Either way, this week could be instructive on XRP’s next move.
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