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XRP Tests Key Moving Average
10 Oct
Summary
- XRP dropped 9% to $1.41, testing its 200-day moving average.
- Ripple's four institutional deals failed to boost XRP's price.
- XRP fund investors were underwater by October 4.
XRP saw a significant price decrease of 9% over the week concluding on October 9, 2026, settling at $1.41 and retesting its 200-day moving average. This level is closely watched by traders as a critical indicator of long-term trends.
The price decline persisted despite Ripple's announcement of four new institutional partnerships during the same week. Analysts suggest these deals did not immediately impact XRP's value as partners can utilize Ripple's services without holding the token.
Furthermore, leveraged trading contributed to increased selling pressure, with forced liquidations across the crypto market reaching approximately $1 billion by October 9. This amplified the overall market downturn.
For long-term holders, the current price may represent a potential entry point, contingent on future demand translating from Ripple's partnerships. However, no specific institutional commitments to purchase XRP have been disclosed.
As of October 4, 2026, investors in XRP funds had collectively invested $1.79 billion but held assets valued at only $1.66 billion. The cryptocurrency remains approximately 61% below its all-time high of $3.65.
