XRP Drops 16% from September High, Key Support Watched
XRP has dropped to $1.41, marking a 16% retreat from its late-September peak. Analysts warn that a daily close below the $1.37 level could trigger further selling, despite continued interest from long-term investors and ETF participants.
XRP has dropped to $1.41, a 16% retreat from its September high.
Failure to break the $1.60-$1.70 resistance zone led to the decline.
Analysts identify $1.37 as a decisive support level.
Despite the price drop, long-term investors and ETF participants continue to show interest.
Story
XRP has dropped to $1.41, marking a 16% retreat from its late-September peak. The recent recovery from an October 8 low of $1.32 has failed to restore the bullish momentum seen earlier, leaving the price under pressure. In September, XRP surged as high as $1.66 but failed to clear the resistance zone between $1.60 and $1.70. This led to a decline below $1.50 and then $1.45, before the price fell below $1.40 last week. Analysts like Itai Smidt of Investing.com note that the failed breakout and the conversion of support levels into resistance have altered the technical landscape. John Isige of FXStreet points out that the path of least resistance remains to the downside unless buyers can secure a solid daily close above the $1.40 threshold. Despite this weakness, Glassnode data indicates that XRP outflows from exchanges remained steady, and US spot XRP ETFs continued to attract capital, suggesting some resilience among long-term investors. The $1.37 level is considered decisive; a daily close below this mark could trigger further selling.
Issue context
The crypto market demonstrates resilience on October 12, 2026, even as the total market capitalization saw a slight decline. Bitcoin managed to hold above the $83,000 mark despite significant outflows from US spot ETFs, indicating underlying strength. Concurrently, specific altcoins like Starknet are experiencing notable price surges, driven by strategic developments and narrative catalysts. This dynamic highlights a potential capital rotation and the importance of project-specific news in a volatile environment. The upcoming US inflation data on October 14 could provide further impetus for the markets.
Markets are showing a mix of Bitcoin's resilience and speculative activity in altcoins. Pay attention to macroeconomic data, especially US inflation figures, which could influence overall market sentiment. Whale movements and regulatory news can introduce short-term volatility for individual assets. Your risk tolerance and investment horizon should guide your decisions.
Market pulse
Fear & Greed
69
Greed
BTC Funding
+0.0017%
20 perp markets · Open Interest $53.3B
BTC Open Interest
$53.3B
24h volume $43.8B · basis +0.056%
ETH Funding
+0.0008%
20 perp markets · Open Interest $37.5B
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This story is part of the Biturai Market Brief and is for informational purposes only. No investment advice.