XRP steadies after a sharp rally, with analysts cautioning a potential drop toward $1.55 before recovery as traders monitor ETF approvals and macroeconomic catalysts.
XRP consolidated between $2.34 and $2.39 after a volatile week, maintaining support despite $19 billion in cross-crypto liquidations. Market analysts warn of a possible correction toward $1.55 before a structural rebound. Ripple’s proposed $1 billion capital raise and the SEC’s review of six spot XRP ETF filings are influencing sentiment. Trading volume peaked at 42.23 million on October 18 before tapering off, reflecting cautious market positioning amid global trade tensions and expectations for upcoming U.S.–China and Federal Reserve policy developments.