XRP (XRP) Price: Holds Support at $1.28 as Whales Buy $2.2 Billion

TLDR

• XRP trades near $1.37, holding above support at $1.28 with resistance at $1.70.
• Analyst Crypto Patel points to a long-term target range of $10 to $18.
• Whales bought 1.54 billion XRP worth $2.2 billion over the last 96 hours, per Ali Charts.
• A 3x XRP ETF from Volatility Shares is delayed until October 18, according to BankXRP.
• A cluster of moving averages between $1.263 and $1.357 forms a support zone below price.

XRP is trading near $1.37 after weeks of consolidation. The price has moved between $1.30 and $1.50 since climbing off its August lows.

The token dropped below $1 in August before rallying close to $1.70. It has since settled into a tighter range as traders wait for a clearer signal.

Crypto analyst Crypto Patel says XRP sits above a major accumulation zone following a roughly 74% drop from its all-time high. He posted a two-week chart showing resistance at $1.70 and $3, with support at $1 and $0.60.

Patel said a move above $1.70 would strengthen the recovery structure. His broader target range for the coin is $10 to $18, though he described this as a long-term outlook rather than a confirmed price move.

XRP Support and Resistance Levels

XRP currently sits near the middle of its Bollinger Bands, which run from $1.282 to $1.465. The coin has been drifting slightly lower on a daily basis.

A group of exponential moving averages between $1.263 and $1.357 sits just below the current price. This cluster acts as a support zone for the ongoing recovery.

Staying above these averages would help keep the current pattern intact. A drop below them could shift focus toward lower support levels.

The $1.28 mark remains the most watched short-term level. A break below it would put the recovery structure at risk, while holding above it keeps the path toward $1.70 open.

XRP Price on CoinGecko

Whale Buying and ETF Delay

Analyst Ali Charts flagged a jump in whale activity over the past 96 hours. He said large holders bought about 1.54 billion XRP, worth close to $2.2 billion at current prices.

Large purchases like this can affect supply and liquidity across the market. Whether the buying leads to a price move depends on if those tokens are held or later sold.

BankXRP reported that the proposed 3x XRP ETF from Volatility Shares has been pushed back to October 18. The filing was submitted on September 18, and the delay affects the launch date rather than the product itself.

The ETF would give traders another way to gain exposure to XRP price swings. Its approval is not guaranteed until regulators finalize the filing.

XRP remains priced around $1.374 as of the latest session. The $1.70 resistance and $1.28 support continue to mark the boundaries traders are watching most closely.

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