XRP Uptober or Rektober? Will $1.20 Support Hold Before October 10?

XRP is trading near $1.40 today, down 0.95% in 24 hours. The coin hit a high above $1.65 on September 23 but could not break $1.70. It is down nearly 15% since. Traders now watch October 10 closely.

This price prediction covers the latest numbers, ETF flows, and the levels that matter most.

XRP Price Today: Where Is the Token Trading?

The current price is $1.4001. Market cap sits at $88.39 billion, with about 63.09 billion tokens in circulation.

It is almost 20% below its recent high. The wider market is soft too, under $2.80 trillion, down 1.16%.

Why Is XRP Going Down Today?

Bitcoin is the main reason. It fell to $80,393 on Thursday, and the whole market felt it.

CoinGlass data shows more than $1 billion in forced liquidations in 24 hours. About $930 million came from long bets.

There is also a date problem. October 10 marks one year since the crash that wiped out about $19 billion in trades. Bitcoin peaked near $126,200 that week and has not been back since. Traders are now joking that UPtober turned into REKtober.

XRP Latest News: Did Whales Really Pull 1.38 Billion $XRP From Binance?

A popular X account claimed whales withdrew 1,380,000,000 tokens from Binance. That would be roughly $1.93 billion at current prices, or about 2.2% of supply.

This is an unverified social media claim, so treat it with care. Moving coins off an exchange can mean long-term holding, or just an internal transfer.

Check on-chain data before reading too much into it.

XRP Derivatives Data: Are Traders Bullish or Bearish?

The picture is mixed for $XRP traders.

The overall long/short ratio is below 1, so shorts slightly lead the broad market. But Binance and OKX accounts lean long.

Liquidations were lopsided. Total liquidations hit $29.57 million, with $27.81 million from longs and only $1.75 million from shorts. In the last 12 hours, $475.02K was liquidated, mostly shorts.

XRP ETF Flows: Is Institutional Money Still Coming In?

Yes, though slowly. $XRP fund flows as of October 8 show a cumulative net inflow of $1.80 billion. Total net assets are $1.56 billion, or 1.79% of the market cap.

Daily net inflow was $8.17 million, all into Franklin's fund. Total value traded was $65.44 million.

Every fund fell about 3% in price. Still, 21Shares shows a cumulative outflow of $21.15 million, so not every product is gaining.

XRP Price Forecast: Key Support and Resistance Levels

Analyst EGRAG Crypto says the monthly chart still looks bullish. He marks $1.20 as his line in the sand.

He says a monthly close above that zone keeps his view intact. He also calls the 33 EMA the major resistance, with the 111 EMA as another cycle guide.

His longer-term targets are $4 to $8, and $15 or more in a best-case run. Those are one analyst's opinions, not forecasts anyone can count on.

XRP Price Prediction for October: What Could Happen Next?

Bullish case: Buyers defend $1.40 and push back to $1.65. A move through $1.70 would open the way to $2.00.

Bearish case: The October 10 fear spreads. The altcoin slides toward $1.20, which many traders see as the line that matters.

Sideways case: The token stays between $1.20 and $1.65 while Bitcoin finds footing.

Nobody knows which path comes first. Bitcoin will likely matter more than any chart.

Disclaimer

This article is for information only and is not financial advice. Crypto prices are very volatile, and you can lose money. Price targets are opinions, not promises. Do your own research and speak with a licensed financial advisor before investing.