XRP Price Prediction: Big Pump of 8.5% Recovers 30 Billion Market Capitalization, Technical Structure Confirms $3 Bullish Reversal

After experiencing a 50% big dump and a $19 billion liquidation storm last week due to Trump's tariff threats, the price quickly rebounded from $2.37 to $2.58, with the market capitalization recovering to $30 billion. This rebound was accompanied by explosive institutional volume, indicating that traders are actively buying the dip and repositioning themselves in response to new macroeconomic news. Although mainstream markets (such as the Dow Jones falling 900 points and the Nasdaq dropping 820 points) are still in a risk-off sentiment, the cryptocurrency trading sector has found that funds are selectively flowing into the XRP spot market.

Explosive Rebound: Institutions Buy the Dip to Reshape XRP Value

The price of XRP was severely impacted during the crash, but its subsequent quick recovery highlights the confidence that institutions and traders have in its fundamentals.

· Key increase: Between 05:00 on October 12 and 04:00 on October 13, the XRP price surged by 8.5%, with the trading range reaching a fluctuation of $0.22 (9%), rising from $2.37 to $2.59.

· Huge support: During the afternoon from 14:00 to 17:00, the volume surged to 276.8 million, more than double the daily average volume (118 million), and this explosive trading volume strongly confirms the positive "buy the dip" activity.

· Potential New High: Analysts are closely watching whether XRP can break through $3.12 at the weekly close. If achieved, this would be XRP's strongest weekly closing candle since its issuance, indicating strong long-term upward potential.

Technical Analysis: Breakthrough at $2.57 Confirms Trend Reversal

From a technical structure perspective, XRP has formed a clear ascending channel, indicating a positive reversal of the short-term trend.

· Ascending channel formed: The current structure shows a clean ascending channel: The bottom support is located at 2.37 USD, and the top of the channel is at 2.59 USD.

· Key breakout point: XRP successfully broke through $2.57 in after-hours trading and closed at $2.58, which is seen as a key signal confirming the recent trend reversal. Sustained volume support keeps the bullish bias intact.

Target and Support:

· Resistance target: If the continuous closing price can stabilize above 2.59 USD, it will open up space for the price to reach between 2.70 USD and 2.75 USD; if it can extend further, the target will point to 3.00 USD or even higher.

· Core support: If XRP fails to hold the new support pivot point of $2.50, the price may pull back to around $2.42.

Macroeconomic and Market Focus: Risk Appetite and ETF Expectations

Despite the fact that XRP has already begun an independent Rebound, traders are still closely monitoring two macro-level drivers that will determine the sustainability of its Rebound.

· Key price level established: The market is focusing on whether $2.57 can be established as a new support pivot point, and whether it can break through the upper edge of the rising channel at $2.59, to confirm sustained upward momentum.

· Changes in macro risk: News headlines about the China-U.S. trade war and speeches by Federal Reserve officials will continue to impact cross-asset risk preferences. Further easing of the trade war and dovish signals from the Federal Reserve will have a positive effect on XRP.

· Institutional Narrative: Speculation around XRP's ETF and the continuous inflow of institutional funds are the key drivers supporting its strong rebound after the market fall.

Conclusion

XRP achieved a rapid Rebound to a market capitalization of 30 billion dollars after experiencing significant fluctuations in the market, fully reflecting its position and high structural resilience in the minds of institutional traders. While the mainstream market is still in a risk-off sentiment, XRP's explosive volume and clear technical breakout confirm a strong buy the dip presence and a recent trend reversal. As its price successfully stabilizes at a key technical level, the market has set its sights on a target of 2.75 dollars or even higher. However, in the face of ongoing macro uncertainty, investors should still view 2.57 dollars as an important barometer for measuring the effectiveness of the Rebound and remain vigilant for any macro news that may tighten risk appetite again.

This article is for informational purposes only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions cautiously.