XRP Holds Key Support Amid Market Volatility
- XRP traded between $2.19 and $2.35 from Oct 17, 06:00 to Oct 18, 05:00, marking a range of approximately 7%.
- Trading volume peaked at 246.7M during the hour ending at 07:00 UTC, nearly tripling the average.
- The price recovered to $2.33 after dipping to $2.19, resulting in a session gain of about 1%.
- The broader cryptocurrency market cap fell by approximately 6% to $3.5T due to macroeconomic concerns.
- The SEC is reviewing six pending spot XRP ETF filings until October 25.
XRP’s early dip reflected broader market weakness as investors reacted to U.S.–China trade tensions and upcoming ETF deadlines. Despite this, XRP showed resilience with institutional buying support and strong trading volume.
XRP’s ability to recover from a low of $2.19 to settle at $2.33 indicates strong market interest, particularly as traders monitor for potential breakout signals above $2.40.Source
