- XRP recorded over $184 million in speculative buying on Binance after correcting 22.5% from its September 23 peak of $1.65.
- XRP trades near $1.29, with immediate support at 1.29–1.30 and potential downside toward $1.25 if selling pressure intensifies.
- XRP’s RSI at 37.98 signals weak momentum, while a marginally positive MACD histogram suggests a tentative recovery attempt.
XRP attracted more than $184 million in speculative buying on Binance after its price dropped below $1.30, according to analyst Darkfost. The inflows followed a correction of up to 22.5% from its September 23 high of $1.65. XRP later rebounded 5%, although its four-hour chart continued to show bearish momentum.
Binance Records $184M in XRP Buying Activity
Darkfost reported a sharp increase in Taker Buy Volume, which measures market buy orders on derivatives markets. In one hour, Binance recorded more than $73 million in XRP buy volume, compared with $1 million on Bybit and $451,000 on OKX.
Several other hours that day also recorded Binance buy volumes exceeding $35 million. Together, these purchases brought the total inflow above $184 million as traders positioned against the prevailing decline.
The correction followed disappointing consumer price index figures, producer price index data, and a lower opening in U.S. markets. XRP had fallen as much as 22.5% from its September 23 peak before recovering 5%. However, Darkfost described the inflows as speculative, short-term capital that could increase price volatility.
XRP Holds Near $1.29 as Selling Pressure Persists
On Binance’s four-hour chart, XRP traded at $1.2929, down 0.83% on the latest candle. The candle opened at $1.3037, reached $1.3042, and fell to $1.2919. Trading volume stood at 5.47 million XRP.
After reaching approximately $1.62 around September 22–23, XRP formed successive lower highs and lower lows. Selling accelerated around October 7, pushing the price below $1.45, then $1.40 and $1.35. The token has since consolidated near $1.29.
RSI and MACD Show Limited Signs of Recovery
XRP’s immediate support is between $1.29 and $1.30. A breakdown could expose $1.25, while recovery above 1.32–1.35 could bring resistance at 1.38–1.40 into focus. Reclaiming $1.40 would provide a stronger recovery signal.
The Relative Strength Index stands at 37.98, below its 39.68 average and approaching the conventional oversold threshold of 30. Meanwhile, the MACD line is at -0.0170, slightly above the -0.0172 signal line. Its histogram is marginally positive at 0.0002, although both lines remain below zero.
