XRP Price Under Pressure — Bulls Attempt To Defend Key Support Zone

As October 2025 unfolds, excitement around ETFs and increasing institutional interest is reigniting discussions about XRP's price potential. Many traders are optimistic that these factors could drive XRP to new heights, possibly surpassing the $5 mark. This matters because it reflects a growing confidence in the cryptocurrency market and could influence investment strategies moving forward.

Ripple co-founder Chris Larsen has been cashing out millions in profits from XRP since 2018, raising concerns about the potential impact on the cryptocurrency's price recovery. As he continues to sell at high points, investors are left wondering if this trend could hinder XRP's future performance. This situation is significant as it highlights the challenges faced by cryptocurrencies in maintaining stability amidst profit-taking by key figures.

Kraken, the US-based crypto exchange, has announced a remarkable revenue surge of nearly $650 million for the third quarter of 2025, just ahead of its highly anticipated IPO. This impressive financial performance highlights Kraken's strong position in the digital asset sector and reflects growing investor interest in cryptocurrencies. As the market evolves, Kraken's success could set a positive precedent for other crypto companies looking to go public, making this news significant for both investors and the broader financial landscape.

The recent recovery in the cryptocurrency market has sparked optimism for XRP, which is eyeing a return to the $2.5 mark. Analysts are hopeful that if XRP can reclaim the $3 level, it may continue its upward trajectory, potentially surpassing its long-standing peak of $3.8. This is significant as it reflects growing confidence in the altcoin's future, especially after recent downturns. The excitement surrounding XRP's potential resurgence highlights the dynamic nature of the crypto market and the interest it generates among investors.

XRP is currently trading at $2.42, showing a slight increase of 0.62% in the last 24 hours, although it has seen a decrease of 0.83% over the past week. This price consolidation around a critical zone has caught the attention of investors, raising questions about a potential breakout in the near future. Understanding these price movements is essential for investors looking to navigate the volatile cryptocurrency market.

$XRP has faced challenges recently due to market fluctuations influenced by US President Donald Trump's tariff threats against China. However, insights from Google's Gemini AI Assistant suggest a positive outlook for the token, with predictions of its price potentially reaching $3 and possibly even hitting an all-time high of $4. This optimism is further fueled by the strong performance of the Best Wallet Token, which has raised $16.6 million in its presale, indicating a bullish trend for the cryptocurrency market in the coming year.

Binance has made a significant move by introducing direct USD deposits and withdrawals in over 70 countries through Bpay Global. This development is crucial as it enhances accessibility for users looking to engage in cryptocurrency transactions, making it easier for them to manage their funds. By streamlining the process, Binance is likely to attract more users and increase trading activity, which could positively impact the overall cryptocurrency market.

XRP's price is currently consolidating between $2.33 and $2.44, indicating a potential volatility break on the horizon. This tightening price structure is significant as it suggests that traders are anticipating a major price movement, which could impact the broader cryptocurrency market. Investors are keeping a close eye on these levels to gauge future trends.

This week, Bitcoin is facing a potential dip below $100,000, as warned by Geoffrey Kendrick from Standard Chartered. He suggests that this drop could be a fleeting moment, marking the last time Bitcoin trades below six figures. This news is significant as it reflects ongoing volatility in the cryptocurrency market, which has been under scrutiny despite a broader bullish outlook from the bank. Investors are keenly watching these developments, as they could influence market sentiment and trading strategies.

Ledger has launched its new Nano Gen5, a hardware security device designed to provide affordable protection for AI-driven digital identities. This innovative product is significant as it addresses the growing need for secure digital identity management in an increasingly digital world, especially with the rise of AI technologies. By making security more accessible, Ledger aims to empower users to safeguard their personal information effectively.

Short-term holders in the cryptocurrency market are currently experiencing increased stress due to a cooling of speculative excess. This situation, while challenging, could ultimately lead to healthier market conditions as losses may reset the current speculative environment and stabilize overall sentiment. Understanding these dynamics is crucial for investors as it highlights the potential for a more balanced market moving forward.

The UK's Financial Conduct Authority (FCA) has filed a lawsuit against HTX for allegedly promoting cryptocurrency services to UK consumers without proper authorization. This legal action highlights the ongoing regulatory scrutiny in the crypto space, aiming to protect consumers from potential fraud and misleading practices. As the crypto market continues to grow, such enforcement actions are crucial for ensuring that companies comply with regulations, ultimately fostering a safer environment for investors.

The Netherlands is tightening its gambling regulations, which is significant for players and operators alike. These changes aim to create a safer gambling environment and protect consumers from potential harm. Understanding these new rules is crucial for players to navigate the evolving landscape and ensure they are compliant while enjoying their gaming experiences.

In the latest Crypto Daybook for the Americas, analysts discuss how risk proxies are impacting Bitcoin's recent bounce, while highlighting the performance of HYPE and XMR. This matters as it reflects the ongoing volatility in the cryptocurrency market and the factors influencing investor sentiment, which can affect trading strategies and market stability.