The post Tests $2.40 Base After 6% Swing; Eyes $2.65 Breakout Level appeared on BitcoinEthereumNews.com. Heavy deleveraging across derivatives markets drags XRP lower before buyers defend the $2.40 zone, setting up a key support retest heading into Asia trading. News Background XRP traded sharply lower through the October 14–15 session as macro pressure and broad crypto deleveraging sent open interest down 50% to $4.22 billion. Despite the washout, spot volumes jumped 40%, signaling institutional re-entry. Ripple’s newly announced partnership with Immunefi — a $200,000 XRP Ledger security test running Oct. 27–Nov. 24 — helped anchor sentiment after an early-session slide. Price Action Summary XRP fell 1.97%, sliding from $2.54 to $2.49 while swinging through a $0.16 band ($2.55–$2.39) — roughly 6% intraday volatility. Buyers stepped in repeatedly at $2.40–$2.42, defending key support after a midday capitulation. Volume exploded to 179.4 M at 13:00, nearly double the 24-hour average, validating accumulation at the lows. Sellers capped rebounds near $2.53, where consistent distribution formed a near-term ceiling. Late-session trade saw XRP recover modestly to $2.50 as dip-buying stabilized order books. Technical Analysis The $2.40–$2.42 area remains the critical pivot for bulls. Multiple rebounds confirm institutional defense, but momentum remains fragile below the $2.53–$2.55 resistance cluster. A sustained break below $2.40 would open downside targets at $2.33 and $2.25, while reclaiming $2.53 could re-establish an advance toward the broader $2.65 breakout line. Volume-weighted metrics point to accumulation amid forced unwinds — a classic short-term base-building phase if funding normalizes. What Traders Are Watching Whether $2.40 continues to hold through Monday’s Asia open. Re-leveraging signs after open interest halved on derivatives exchanges. Volume follow-through above $2.50 confirming accumulation. Macro headlines tied to trade-war rhetoric and Fed policy as volatility drivers. Source: https://www.coindesk.com/markets/2025/10/15/xrp-tests-usd2-40-base-after-6-swing-eyes-usd2-65-breakout-levelThe post Tests $2.40 Base After 6% Swing; Eyes $2.65 Breakout Level appeared on BitcoinEthereumNews.com. Heavy deleveraging across derivatives markets drags XRP lower before buyers defend the $2.40 zone, setting up a key support retest heading into Asia trading. News Background XRP traded sharply lower through the October 14–15 session as macro pressure and broad crypto deleveraging sent open interest down 50% to $4.22 billion. Despite the washout, spot volumes jumped 40%, signaling institutional re-entry. Ripple’s newly announced partnership with Immunefi — a $200,000 XRP Ledger security test running Oct. 27–Nov. 24 — helped anchor sentiment after an early-session slide. Price Action Summary XRP fell 1.97%, sliding from $2.54 to $2.49 while swinging through a $0.16 band ($2.55–$2.39) — roughly 6% intraday volatility. Buyers stepped in repeatedly at $2.40–$2.42, defending key support after a midday capitulation. Volume exploded to 179.4 M at 13:00, nearly double the 24-hour average, validating accumulation at the lows. Sellers capped rebounds near $2.53, where consistent distribution formed a near-term ceiling. Late-session trade saw XRP recover modestly to $2.50 as dip-buying stabilized order books. Technical Analysis The $2.40–$2.42 area remains the critical pivot for bulls. Multiple rebounds confirm institutional defense, but momentum remains fragile below the $2.53–$2.55 resistance cluster. A sustained break below $2.40 would open downside targets at $2.33 and $2.25, while reclaiming $2.53 could re-establish an advance toward the broader $2.65 breakout line. Volume-weighted metrics point to accumulation amid forced unwinds — a classic short-term base-building phase if funding normalizes. What Traders Are Watching Whether $2.40 continues to hold through Monday’s Asia open. Re-leveraging signs after open interest halved on derivatives exchanges. Volume follow-through above $2.50 confirming accumulation. Macro headlines tied to trade-war rhetoric and Fed policy as volatility drivers. Source: https://www.coindesk.com/markets/2025/10/15/xrp-tests-usd2-40-base-after-6-swing-eyes-usd2-65-breakout-level