XRP Rebounds $30 Billion as Institutional Buyers Drive Market Recovery

XRP has staged a powerful comeback, reclaiming roughly $30 billion in market value after last week’s tariff-driven selloff. The token surged from $2.37 to $2.58 within 24 hours, signaling strong institutional participation and renewed trader confidence. This rebound marked one of the heaviest trading sessions of the year, confirming aggressive dip-buying as investors reposition ahead of key macroeconomic developments.

The rally comes on the heels of a sharp 50% collapse sparked by President Trump’s 100% China-tariff announcement, which triggered $19 billion in crypto liquidations in minutes. Despite broader markets remaining risk-off—Dow down 900 points and Nasdaq off 820—selective institutional inflows into XRP have fueled optimism. Analysts now eye a potential record weekly close above $3.12, which would represent the asset’s strongest candle since its inception.

During the recovery phase, XRP gained 8.5% between October 12 and 13, trading within a tight $2.37–$2.59 range. Breakout moves between 14:00 and 17:00 pushed volumes to 276.8 million, more than double the daily average. Support was established at $2.37, with consistent reversals on high volume, while resistance emerged near $2.59. The session ended with XRP closing at $2.58 on 2.3 million in turnover, reinforcing the bullish momentum.

Technically, XRP now trades within an ascending channel, with a base at $2.37 and resistance at $2.59. Sustained closes above $2.59 could open the path toward $2.70–$2.75, with a stretch target above $3.00. However, failure to hold $2.50 may prompt a retrace toward $2.42. Momentum remains positive, led by institutional accumulation and growing confidence in crypto’s resilience amid trade and monetary policy uncertainty. Traders are now closely watching whether $2.57 can hold as the next key support pivot.