XRP Price Today: XRP Bounces Toward $2.40 as Bulls Defend Key $2.20 Support
The post XRP Price Today: XRP Bounces Toward $2.40 as Bulls Defend Key $2.20 Support appeared on BitcoinEthereumNews.com.
The XRP price today is showing early signs of resilience, rebounding from a sharp intraday dip as buyers defend critical support levels amid market volatility. After sliding to around $2.19 in early trading, XRP climbed back to $2.37, signaling that bulls may be regaining some control despite cautious market sentiment. The move comes amid broader macroeconomic uncertainty, renewed tariff tensions between the U.S. and China, and investor positioning ahead of potential regulatory announcements tied to XRP ETF approval in the coming week. XRP Shows Defensive Strength Amid Early Sell-Off During Saturday’s volatile session, the current XRP price fluctuated between $2.23 and $2.38 — a 6.5% intraday range—before stabilizing at $2.33. Market data shows that trading volume surged to 246.7 million during the morning sell-off, nearly tripling the 24-hour average as sellers capitulated near $2.23. XRP was trading at around $2.379, up 4.22% in the last 24 hours at press time. Source: XRP price via Brave New Coin Institutional buyers absorbed much of the selling pressure, helping the Ripple XRP price recover from its early lows. This reaction hints at strong demand around the $2.20 zone, which remains a key technical support for short-term traders. According to analysts, the defensive recovery suggests that bearish momentum may be slowing, with buy programs stepping in near the $2.20 mark, which has been acting as a critical accumulation zone. Regulatory Developments and Ripple Treasury Plans Boost Sentiment The market is closely watching the Grayscale XRP ETF review window, which runs through October 25. The outcome of these regulatory reviews could have significant implications for the XRP price forecast in the weeks ahead. Ripple announces a $1 billion acquisition to expand its presence in the $120 trillion global treasury market. Source: Diana via X Meanwhile, Ripple Labs is reportedly preparing to raise up to $1…
