XRP Crashes 40%, Before Recovering, in Biggest One-Day Drop

XRP collapsed as much as 42% in Friday’s trade its sharpest one-day drop in recent years as whales liquidated across major venues and futures open interest fell $150 ￰0￱ selloff drove price as low as $1.64 before a partial recovery to $2.36 with volumes surging 164% above the 30-day average — a sign of forced deleveraging across corporate ￰1￱ to Know • XRP fell from $2.82 to $2.36 between Oct 10

01:00 and Oct 11 00:00 posting a 16% daily loss. • Intraday volatility peaked at 43% with prices briefly wicking to $1.64 during high-frequency liquidation sweeps. • Institutional futures open interest dropped from $9.0B to $8.85B as long liquidations hit $21M versus $2M shorts. • 320M XRP transferred to exchange wallets in the past week

confirming whale distribution pressure. • Late-session buying stabilized price near $2.35–$2.40 with accumulation volumes exceeding 12M in the final 15 ￰2￱ Background • Ripple’s ecosystem faces macro and structural stress: global trade tensions diverging central-bank policy and uncertainty over ￰3￱ banking licenses. • Ripple’s National Trust charter deadline passed on Oct 7

heightening regulatory risk premiums around XRP-linked institutional products. • Despite the drawdown on-chain data shows long-term holders adding below $2.40 suggesting value-based ￰4￱ Action Summary • XRP opened near $2.82 and sold off aggressively by mid-session breaching key supports at $2.70 and $2.50. • The heaviest liquidation occurred between 15:00–21:00 UTC

when hourly volume hit 817.6M. • Low of $1.64 marked potential capitulation point; bounce to $2.36 capped at resistance around $2.84. • The final 60 minutes (23:41–00:40) saw a stabilization move from $2.31 → $2.38 (+2%) with algos breaking $2.35 on sustained ￰5￱ Analysis • Support: Established around $2.30–$2.35; extended downside risk to $2.22 if volume dries up. • Resistance: Layered at $2.84–$2.90 with $3.05 as macro breakout trigger. • Volume: Up 164% vs. 30-day average — capitulation-grade turnover. • Trend: 75-day symmetrical triangle broken to downside; needs close above $2.90 to regain structure. • Momentum: RSI levels near multi-month lows; volatility bands expanding

signaling potential base ￰6￱ Traders Are Watching • Whether $2.30 support zone attracts sustained whale accumulation. • Rebuild of open interest following $150M contraction in derivatives markets. • Regulatory clarity post-Ripple charter review and its impact on corporate adoption. • Cross-asset spillover from BTC’s $125K rally — potential relief rotation back into XRP. • Technical confirmation above $2.90 to invalidate short-term bearish bias.