Home / Business and Economy / XRP Holds Above $2.34 Support as Traders Weigh Macro Risks
XRP Holds Above $2.34 Support as Traders Weigh Macro Risks
20 Oct
Summary
- XRP trades in narrow $2.34-$2.39 range after recent volatility
- Traders monitor Ripple's $1B raise and SEC's XRP ETF review
- $19B in cross-crypto liquidations fuel cautious market sentiment
As of October 20th, 2025, the cryptocurrency XRP has been trading in a narrow $2.34-$2.39 range, consolidating after a recent period of volatility. Traders are closely watching for potential triggers of future market swings, including ETF headlines and macroeconomic developments.
The token steadied through the October 18-19 trading session, with a midday surge to $2.39 on October 18th drawing 42.23 million in trading volume - nearly double the 24-hour average. However, the price later faded into a tighter band near $2.35, as market sentiment remains cautious amid $19 billion in cross-crypto liquidations triggered by escalating trade tensions.
Ripple's proposed $1 billion capital raise and the SEC's ongoing review of six spot XRP ETF filings continue to shape positioning among institutional traders. Many are reporting lighter leverage exposure and rotation into cash collateral as they prepare for potential policy changes and macroeconomic catalysts.
Technical analysis suggests XRP's price structure remains neutral-to-bullish while trading above the $2.34 support level. However, strategists warn that a deeper pullback toward $1.55 remains plausible before a structural recovery attempt toward the $7-$27 corridor, should broader risk-off sentiment intensify.
