XRP News Today: XRP's Critical Juncture: Bulls Target $3, Bears Eye $1.58

XRP, the fourth-largest cryptocurrency by market capitalization, is at a pivotal juncture as traders and analysts closely monitor key resistance and support levels that could determine its near-term trajectory. Recent price action has highlighted a critical consolidation phase between $2.14 and $2.43, with technical indicators and market sentiment pointing to an imminent breakout or breakdown. Analysts warn that the outcome could reshape XRP's path, either unlocking a rally toward $3 or triggering a deeper correction.

XRP's immediate resistance lies at $2.39, aligned with the 20-day EMA and the 0.5 Fibonacci retracement level. Above this, a robust resistance cluster spans $2.51–$2.64, combining the 50, 100, and 200 EMAs. A decisive close above $2.64 could invalidate the current bearish structure and open the door to $2.77 and $3.10, according to Coin Edition. Conversely, support at $2.16 (0.382 Fibonacci level) is critical for bulls; failure to hold this level could expose XRP to a retest of $1.94 and $1.58.

Elevated open interest of $3.81 billion, as of late October, underscores speculative positioning. CoinGlass data also revealed a $15.42 million inflow on October 17, signaling renewed accumulation near $2.29. However, technical indicators remain bearish, with momentum favoring sellers despite the inflows.

CasiTrades highlighted an Elliott Wave pattern suggesting XRP is in a consolidation phase ahead of a potential impulsive move. The analyst noted that a sharp V-shaped recovery would require clearing $2.82, a level XRP has yet to surpass. Meanwhile, inconsistent price data across exchanges has muddied the technical picture, with some platforms showing XRP dipping below $1 during recent volatility.

XRP's recent dip into the "Golden Pocket"-a Fibonacci retracement zone between $1.9276 and $1.9592-has drawn attention as a potential support area. Analyst STEPH IS CRYPTO emphasized that a successful rebound from this zone could reignite bullish momentum, particularly if XRP reclaims $2.08 and $2.20. ColdBloodedCharter on TradingView added that key buy levels at $2.50, $2.25–$2.30, and $1.90–$2.00 present strategic entry points, contingent on Bitcoin's performance.

The XRP ETF narrative remains unresolved, with October 19b-4 filings marking procedural steps in the SEC's review process. While legal clarity has improved following Ripple's partial victory against the SEC, analysts caution that ETF approvals are unlikely before government reopenings.

XRP's path hinges on whether buyers can defend $2.16 to initiate a rally toward $2.51–$2.64. A sustained close above $2.64 could catalyze a move toward $2.77, while a breakdown below $2.16 risks a deeper correction. Analysts at CoinPaper noted that a weekly close above $2.428 could trigger a broader bullish phase, targeting $3.03.

[1] This is the Full Title of the First News Article (https://www.barchart.com/crypto/quotes/%5EXRPUSD/cheat-sheet)

[2] This is the Full Title of the Second News Article (https://coinedition.com/xrp-price-prediction-resistance-levels-define-xrps-near-term-path/)

[3] Full Title of the Third Source Used (https://chainrumors.com/index.php/2025/10/18/xrp-stalls-below-key-resistance-but-setup-aligns-for-an-elliott-wave-finish/)

[5] Full Title of the Fifth Source Used (https://coinpaper.com/9718/xrp-resistance-levels-key-technical-zones-every-trader-should-watch)

[11] Full Title of the Eleventh Source Used (https://holder.io/news/xrp-golden-pocket-buy-levels/)

[12] Full Title of the Twelfth Source Used (https://timestabloid.com/top-analyst-to-holders-xrp-bouncing-from-the-golden-pocket/)