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XRP on the edge, October’s big bounce is coming?

XRP on the edge, October’s big bounce is coming?

KriptoworldKriptoworld2025/09/28 16:00
By:by kriptoworld

September shoved XRP around like a ragdoll, with sellers flexing serious muscle on Binance.

The Taker Buy-Sell Ratio stayed stubbornly below 1, a not-so-subtle sign that bears were calling the shots.

Every time a rebound flirted with hope, sellers crashed the party, dragging the price back down and leaving XRP trapped in a gloomy bearish channel.

Buyers looked wobbly, like they’d had one too many at happy hour. Our favorite analyst Ali Martinez brought some news, but good or bad? Don’t hurry!

Stay ahead in the crypto world – follow us on X for the latest updates, insights, and trends!🚀

Breakout

Yet, in the shadows of this selling blitz, something quietly brewed, a classic descending wedge.

Picture a squeezed accordion, pressure mounting as XRP hugged support around $2.73, while those pesky lower highs kept zooming downward, squeezing out volatility like a slow leak.

This pattern’s notorious for setting the stage for a breakout, especially if some buyers decide to put money where their mouth is.

XRP’s RSI clocked in at a tepid 47, neither here nor there, with just enough pep to dream about breaking past $3.15.

Should that happen, bulls could eye $3.38 and even $3.65 like a dog eyeing a steak across the room.

Dumping bags all month

Enter the whales. Deep-pocketed crypto leviathans just stirred the waters by scooping up 120 million XRP in a mere 72 hours, according to Ali Martinez’s eagle-eyed update.

120 million $XRP bought by whales in the last 72 hours! pic.twitter.com/bXDjTG5mZX

— Ali (@ali_charts) September 29, 2025

When whales start showing off these moves, it’s usually a sign they sense a tasty opportunity lurking in the fog of September’s carnage.

Their buying might just steady the ship against the relentless tide of sellers and slowly test those stubborn resistance levels.

But let’s not get ahead of ourselves, can whale appetite truly drown out the reticent masses who’ve been dumping bags all month?

That question floats like a guppy in a shark tank. Maybe I write too much analogies. Anyway…

The bulls are sharpening their horns

On another front, XRP derivatives are cooking up their own storm. Open Interest climbed 3.43%, tipping the scale at $7.58 billion.

Source: CoinGlass

More fresh positions are entering this market dance, hinting traders are bracing for a sparkling near-term move.

With higher Open Interest comes amplified risk, though, leveraged bets can unleash liquidations faster than a caffeine-fueled trader on margin call day. And they’re fast you know.

All this whale activity coupled with rising derivatives suggests volatility is ready to stretch its wings.

Whether XRP takes off or nosedives depends on who gets the upper hand. So, September’s selling left XRP looking beat but not broken.

Whale accumulation, a tightening descending wedge, and growing Open Interest paint a picture ripe for a breakout.

The bulls are sharpening their horns, and October might just hand them the stage to shine, or at least shake things up.

XRP on the edge, October’s big bounce is coming? image 0 XRP on the edge, October’s big bounce is coming? image 1
Written by András Mészáros
Cryptocurrency and Web3 expert, founder of Kriptoworld
LinkedIn | X (Twitter) | More articles

With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.

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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.

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