Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
XRP Spikes 3% as Gold Slips and Bitcoin Extends Gains

XRP Spikes 3% as Gold Slips and Bitcoin Extends Gains

CryptoNewsNet2025/10/21 18:51
By: coindesk.com
BTC+1.86%XRP+2.07%

Cross-asset rotation drives fresh inflows into risk assets as XRP outperforms major altcoins, reclaiming the $2.50 handle before profit-taking sets in.

News Background

  • XRP posted a 3% intraday gain on Monday as traders rotated out of defensive assets amid gold’s pullback and a modest uptick in bitcoin. The move came as broader markets digested easing geopolitical tension and lighter U.S. inflation data, prompting short-term risk appetite across digital assets.
  • Institutional desks reported renewed positioning in XRP ahead of the SEC’s pending ETF decisions, while Ripple’s ongoing $1 billion capital raise continued to support sentiment among professional traders seeking exposure to regulated-linked tokens.

Price Action Summary

  • The token surged from $2.47 to a session high of $2.56 during the 19:00 UTC breakout, marking a 3% advance on volume of 141 million — roughly 150% above its 24-hour average. Buying momentum faded near $2.56 resistance, triggering a measured pullback toward the $2.42–$2.45 zone where demand re-emerged.
  • The final hour saw prices stabilize near $2.44 following a quick 1% bounce from $2.42 lows as market makers absorbed late-session selling. Total intraday volatility reached 6.4% across a $0.16 range, underscoring active institutional flow throughout the session.

Technical Analysis

  • XRP remains range-bound but constructive. The $2.42–$2.44 support band has held multiple retests, while the $2.54–$2.56 area continues to cap upside momentum.
  • Volume spikes during breakout attempts indicate persistent institutional engagement, though the sequence of lower highs suggests short-term consolidation.
  • A decisive close above $2.56 would expose $2.65 next; conversely, a breakdown below $2.42 could extend losses toward $2.35. RSI levels have moderated from overbought readings, leaving room for another push higher if volume returns.

What Traders Are Watching

• Cross-asset correlations — continued gold weakness or bitcoin strength could keep XRP supported.
• Confirmation of ETF timelines from the SEC as a volatility catalyst.
• Price stability above $2.42 support; failure here risks momentum unwind.
• A breakout retest of $2.56 that could open targets toward $2.65–$2.70.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

a16z 2025 Report: $4 Trillion Market Cap Record, the First Year of Global Asset On-Chain

It is time to upgrade the financial system, rebuild global payment channels, and create the internet that the world deserves.

BlockBeats2025/10/23 09:54
Nansen CEO Highlights: The "Three-Stage Law" of Crypto Narratives and Investment Opportunities

When we look back at the history of crypto ten years from now, the current stage will be known as the "toy world era."

BlockBeats2025/10/23 09:52

Trending news

More
1
Something Big Is About to Happen to Bitcoin Price
2
a16z 2025 Report: $4 Trillion Market Cap Record, the First Year of Global Asset On-Chain

Crypto prices

More
Bitcoin
Bitcoin
BTC
$109,581.4
+1.46%
Ethereum
Ethereum
ETH
$3,899.7
+1.37%
Tether USDt
Tether USDt
USDT
$1
-0.04%
BNB
BNB
BNB
$1,100.88
+3.48%
XRP
XRP
XRP
$2.41
+0.88%
Solana
Solana
SOL
$188.49
+2.25%
USDC
USDC
USDC
$0.9998
-0.01%
TRON
TRON
TRX
$0.3227
-0.47%
Dogecoin
Dogecoin
DOGE
$0.1954
+2.22%
Cardano
Cardano
ADA
$0.6413
+1.32%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter