XRP Shows Strong Buy Signals Amidst $1.30 Resistance

XRP Shows Multiple Buy Signals Amid Ongoing Struggle Near $1.30

Cryptocurrency markets faced renewed pressure on Thursday morning, with XRP experiencing a sell-off that briefly pushed it below the $1.30 mark before recovering.

While recent data suggests potential short-term challenges for the digital asset, the broader outlook for XRP remains robust.

Analyst Ali Martinez indicated that XRP might see another dip before a more significant recovery. The token’s movement on the hourly chart appears to be within a parallel channel, with Martinez identifying the $1.25 level as a potential buying opportunity. A bounce from this level could propel the price towards $1.42, with a stronger upward move potentially reaching the channel’s upper boundary at $1.60.

Separately, Martinez highlighted several buy signals on XRP’s chart, suggesting the formation of a local bottom. These signals include a Sequential 13, followed by a TD 9 and an Aggressive 13. Meanwhile, ChartNerd pinpointed $1.50 as a crucial resistance level for XRP to overcome for sustained upward momentum, with a break above this point potentially bringing $1.80 and $2.00 into focus.

On the institutional front, US-listed spot XRP Exchange Traded Funds (ETFs) saw inflows of $740,410 on October 14, marking a return after three consecutive days of zero net flows. Bitwise’s fund was the sole recipient of these inflows. Year-to-date, these ETFs have attracted $12.8 million.

Ripple is also bolstering its presence on Wall Street. Through its prime brokerage platform, Ripple Prime is now offering swap financing for leveraged ETF strategies. This development follows an expanded partnership with hedge fund manager Brevan Howard, aimed at enhancing services for hedge funds and investment managers.

In parallel, Standard Chartered has introduced custody support for Ripple’s RLUSD stablecoin via its Dubai International Financial Centre (DIFC) branch. This move further strengthens institutional ties, complemented by a partnership with LMAX Group.

Additionally, XRP treasury firm Evernorth made its Nasdaq debut on October 12, following a merger with Armada Acquisition Corp. II. The company holds approximately 473 million XRP and has named Ripple, Kraken, Coinbase, and BitGo as its execution partners. The group intends to facilitate the deployment of Evernorth’s crypto holdings into institutional strategies beginning in the fourth quarter of 2026.