XRP News Today: Whales Accumulate 120M XRP Amid Retail Panic-Driven Downtrend

XRP faces heightened short-term bearish pressure as death cross patterns emerge across 2-hour, 3-hour, and 4-hour charts, signaling weakening momentum. The 50-period moving average has crossed below the 200-period line on these timeframes, reinforcing downward bias amid retail fear, uncertainty, and doubt (FUD) reaching a six-month high XRP Death Cross Forms Amid Market Volatility^[1]. On-chain sentiment metrics show bearish commentary has outpaced bullish views, with the bullish-to-bearish ratio dropping to 0.74 on October 4, a level historically correlated with price rebounds XRP news: Retail Fud has reached a 6-month maximum, can there …^[5].

XRP's price has declined from $3.10 to $2.83 over seven days, trading near $2.83 as of October 11. Technical analysis highlights critical support levels between $2.60 and $2.80, with a breakdown below $2.60 potentially extending losses to $1.61 XRP Faces Bearish Shift as Indicators Signal Weakness^[7]. Resistance remains at $3.00–$3.10, where a sustained breakout could signal a reversal. Analysts emphasize the need for a reclamation of the 50-period moving average and rising volume to confirm a recovery XRP Faces Bearish Shift as Indicators Signal Weakness^[7].

Despite the bearish technical setup, whale activity suggests growing confidence. Santiment data reveals that addresses holding 10M–100M XRP have accumulated 120 million tokens ($340 million) over the past week, increasing their control to 8% of the total supply XRP news: Retail Fud hits 6-month high, potential …^[6]. Short-term investor accumulation has also surged, with holdings of 1–3 months rising from 10% to 13.8%.

Retail FUD, while often a contrarian signal, has intensified the short-term downtrend. Historical precedents show such fear spikes can precede rebounds, but immediate conditions favor continued weakness. XRP's Relative Strength Index (RSI) at 46.34 indicates neutral-to-bearish momentum, while the Ichimoku Cloud shows price trading below key lines, amplifying downside risks .

A potential path to recovery hinges on holding key support zones. If XRP remains above $2.60–$2.80, buyers may regain control, targeting $3.17 and $3.65. However, a breakdown below $2.60 could trigger a test of $1.79 or the 200-SMA at $1.60 XRP 2h–4h Death Crosses Could Indicate Short-Term Downtrend …^[4]. Analysts caution that without strong volume or external catalysts-such as regulatory progress for Ripple Labs-the bearish trend may persist.