XRP Daily Analysis: Market Insights and Short-Term Forecast for October 29, 2025

XRP Market Analysis: A Comprehensive 24-Hour Review and Short-Term Forecast

October 29, 2025 – Ripple’s XRP has experienced a dynamic 24-hour trading period characterized by significant fundamental developments and broader market headwinds. This analysis provides a detailed breakdown of XRP’s performance, offering a professional and neutral perspective on its recent activity and near-term potential.

1. Price Action

24-Hour High, Low, and Current Price: Over the past 24 hours, XRP reached a high of approximately $2.69 and a low of around $2.57. At the time of this report, the current price is consolidating around $2.65.
Percentage Change: The digital asset has seen a slight decrease, with a 24-hour change of approximately -0.14% to -0.82%, indicating a period of consolidation.
Trading Volume: The 24-hour trading volume for XRP is approximately $5.48 billion. This represents a notable increase in market activity, which some sources suggest could be linked to profit-taking or repositioning by traders.

2. Technical Indicators

Exponential Moving Averages (EMAs): XRP is currently trading below its 20-day and 50-day EMAs, which are clustered around the $2.68-$2.69 level, acting as immediate resistance. However, the price remains above the 200-day EMA at approximately $2.55, which is a key level of support. The 50-day moving average remains above the 200-day, which is a longer-term bullish signal, but no immediate ‘golden cross’ or ‘death cross’ formations are imminent.
Relative Strength Index (RSI): The current RSI value for XRP is in the neutral zone, with readings around 51 to 55. This suggests a balance between buying and selling pressure, without the asset being in overbought or oversold territory.
Moving Average Convergence Divergence (MACD): The MACD is presenting a mixed but slightly improving picture. While some readings suggest a neutral or sell sentiment, a more detailed look shows the MACD line is attempting to cross above its signal line with a positive histogram, indicating that bearish momentum may be waning and a potential upward shift is forming, albeit shallowly.
On-Chain Data: Significant on-chain activity has been observed. Notably, Ripple-backed firm Evernorth reportedly acquired over $1 billion worth of XRP for its treasury platform, a move that signals strong institutional confidence. Conversely, some large wallets, holding between 1 million and 10 million XRP, have reportedly sold over 140 million tokens, suggesting profit-taking among some large holders. The broader crypto market also experienced over $217 million in liquidations in the past day, contributing to market volatility.

3. Support and Resistance

Immediate Resistance: The key immediate resistance level for XRP is in the $2.68 to $2.75 range. This area has been a strong barrier, and a decisive break above it is necessary for a sustained bullish move.
Key Support: The primary support level that bulls must defend is at $2.62, with further support found between $2.55 and $2.58. A drop below this area could signal a bearish downturn. The 200-day EMA at $2.55 is a particularly critical line of defense.
Fibonacci Retracement: According to Fibonacci analysis, XRP is currently consolidating above the 23.6% retracement level of its recent rally. The 0.5 Fibonacci level at $2.72 is a key target for bulls to reclaim to signal stronger upward momentum. Further support can be identified at the 38.2% and 50% retracement levels, around $2.56 and $2.51, respectively.

4. Fundamental News

Asset-Specific News: The most significant news for XRP in the last 24 hours is the confirmation of Evernorth’s $1 billion purchase of XRP for its treasury launch. This has been a major talking point and has likely contributed to the asset’s resilience despite broader market weakness. Additionally, reports of a joint motion between Ripple and the SEC to pause appeals have fueled speculation about a potential resolution to their long-standing legal case.
Broader Market News: The wider cryptocurrency market has experienced a slight downturn, with its total capitalization decreasing over the past 24 hours. This has been attributed to high liquidations and uncertainty ahead of the U.S. Federal Reserve’s interest rate decision. The recent launch of ETFs for other altcoins like Solana has also shifted some market focus.

Social Sentiment: The overall social sentiment for XRP appears to be cautiously optimistic to positive. Discussions are largely centered around the significant institutional investment by Evernorth, which has bolstered confidence within the community.
Trending Narratives: Key narratives on platforms like X (formerly Twitter) revolve around the potential for an XRP ETF, with the recent approval of other altcoin ETFs fueling this speculation. The hashtag #XRP is prominent in discussions about its resilience in the face of a broader market dip and its long-term utility.
Key Influencers: Prominent crypto analysts and influencers are actively discussing XRP’s current price action. Many are highlighting the importance of breaking the $2.75 resistance level. The news of the Evernorth acquisition has been widely shared and commented on by major accounts, shaping a bullish narrative around institutional adoption.

6. Short-Term Outlook & Forecast

Based on the available data, XRP is at a critical juncture. The strong fundamental news of institutional adoption is providing a solid foundation, while technical indicators suggest a period of consolidation before a more decisive move.

Primary Bullish Scenario: If the positive sentiment from the Evernorth news continues to build and the broader market stabilizes, XRP could make a strong attempt to break the $2.68-$2.75 resistance zone. A successful breakout, confirmed by an increase in trading volume, could open the door for a move towards the $2.85-$3.00 range in the next 24-48 hours.
Primary Bearish Scenario: Failure to breach the immediate resistance could lead to a retest of key support levels. If the broader crypto market continues to decline ahead of the Fed’s announcement, XRP could fall to the $2.62 support. A break below this level could see a further decline towards the critical $2.55 support, where the 200-day EMA lies.

This analysis is for informational purposes only and does not constitute financial advice.