XRP trades narrowly after a volatile stretch, holding above short-term support as market participants weigh renewed risk exposure. Strategists warn a deeper pullback toward $1.55 remains plausible before a structural recovery attempt toward the $7–$27 corridor.
News Background The token steadied through Thursday’s Asia–U.S. crossover, consolidating between $2.34–$2.39 after a sharp rally earlier in the week. The midday surge to $2.39 on October 18 drew 42.23 million in volume — nearly double the 24-hour mean — before fading into a tight band near $2.35. Market sentiment remains cautious amid $19 billion in cross-crypto liquidations triggered by escalating trade tensions. Ripple’s proposed $1 billion capital raise and the SEC’s ongoing review of six spot XRP ETF filings continue to shape positioning. Institutional desks report lighter
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