Bitcoin News Today: XRP's Gandalf's Grave: Support Defense to Decide $2.00 or $5.00 Fate

XRP's price against Bitcoin (BTC) is approaching a critical support level, sparking renewed interest among traders and analysts. According to CrediBULL Crypto's recent analysis, the XRP/BTC pair has retested a historically significant support zone at 0.00002532 BTC, a level that has previously acted as a catalyst for rebounds. Technical indicators, including an oversold RSI on the 4-hour chart, suggest potential for a short-term bounce, though the outcome will depend on whether buyers can defend this level. The support zone has historically provided strong recovery points, with bulls needing to hold above 0.00002500 BTC to trigger a move toward 0.00003065 BTC.

The broader context for XRP remains mixed. While institutional interest and potential ETF approvals could drive long-term upside, recent price action has shown signs of weakness. XRP has consistently formed "lower highs" against Bitcoin since July, a pattern analysts interpret as weakening buyer conviction. This trend aligns with a bearish divergence in the weekly MACD histogram, which has produced progressively deeper bars below zero, signaling strengthening downward momentum. If XRP fails to break above its recent high of $3.10, the risk of a deeper correction to $2.00 increases.

CrediBULL Crypto has highlighted the "Gandalf's Grave" support level, a term referencing a critical price zone where XRP/BTC has historically reversed bearish trends. The analyst emphasized that holding this level is crucial for maintaining a bullish setup, as a breakdown could invalidate the current consolidation pattern and open the door to a decline toward $0.00000611 BTC. Conversely, a successful retest of this support could pave the way for a gradual recovery toward a key resistance zone at $0.00003033 BTC, potentially confirming a larger macro rally.

Institutional activity also plays a pivotal role in XRP's near-term prospects. Major asset managers are awaiting final SEC decisions on eight XRP ETF applications, with approvals potentially unlocking billions in inflows. Analysts estimate that $3–5 billion in institutional demand in the first year could double XRP's market cap, pushing the token toward the $5 milestone. However, such outcomes depend on regulatory clarity and sustained buying pressure, as the asset remains highly correlated with Bitcoin's performance.

The XRP/BTC pair is currently trading within a multi-year triangle formation, with bulls aiming to break the upper boundary at 0.00003033 BTC to validate a bullish breakout. A successful move above this level could trigger a sequence of targets, including the local high at $0.00003430 BTC and the Fibonacci 1.0 level at $0.00004300 BTC. Conversely, losing the 0.618 Fibonacci support at $0.00002032 BTC would signal a structural breakdown, increasing the likelihood of a decline to $0.00000611 BTC.

Market participants are closely watching volume and momentum indicators to gauge the strength of the next move. Elevated trading volume around the $3 level suggests heightened activity, though the RSI remains in oversold territory, indicating potential for a rebound. CoinsKid, a crypto analyst, has warned that XRP must clear $4.18 to invalidate a bearish structure of lower highs, emphasizing that a breakdown below key support could delay a major rally until 2026.

In summary, XRP's near-term trajectory hinges on its ability to defend critical support levels and generate sustained buying momentum. While technical indicators and institutional catalysts present upside potential, persistent lower highs and bearish divergences highlight the risks of a deeper correction. Traders are advised to monitor the 0.00002500 BTC zone, as its performance will determine whether XRP transitions into a bullish phase or faces renewed downward pressure.

Source: [1] CoinPedia (https://coinpedia.org/price-analysis/bitcoin-ethereum-and-xrp-price-prediction-for-october-2025/)

[2] TheTradable (https://thetradable.com/crypto/xrp-news-prediction-support-retest-on-btc-pair-could-spark-bounce-ig--a)

[3] CoinDesk (https://www.coindesk.com/markets/2025/10/08/xrp-crash-brewing-prices-continue-to-print-lower-highs-alongside-new-highs-in-bitcoin)

[4] BeInCrypto (https://es.beincrypto.com/precio-xrp-gandalfs-grave-analisis-creditbull/)

[6] NewsBTC (https://www.newsbtc.com/analysis/xrp/xrp-key-range-against-bitcoin/)

[7] Blockonomi (https://blockonomi.com/xrp-price-climbs-above-3-here-are-the-next-potential-targets/)

[12] The Motley Fool (https://www.fool.com/investing/2025/03/06/better-buy-bitcoin-vs-xrp/?msockid=0aff3bc9b1936e570c472d48b03c6f4b)