XRP is trading around $1.40 as it tests a critical descending trendline following a sharp correction from its September highs. The token has stabilized after a steep drop toward $1.32, but price remains below several important resistance levels, leaving the short-term recovery uncertain.
On the daily chart, XRP recovered from August lows below $1 and rallied toward the $1.60 region, but that level was rejected twice and bullish momentum weakened. The $1.30 support zone has attracted buying interest, and the 100-day and 200-day moving averages are converging for a potential bullish crossover near that area. However, the daily RSI has fallen below the neutral 50 level, signaling weak momentum and increasing the risk of losing key support.
The 4-hour chart shows XRP trading beneath a descending resistance trendline from its September highs. The latest decline pushed price toward the $1.30 support zone before a modest rebound toward $1.40. The $1.45 resistance area is particularly important because it aligns with the descending trendline; a convincing breakout above that level could open the path toward $1.60, while a rejection could send XRP back toward the $1.15 imbalance.
The weekly outlook highlights several key levels: $1.31-$1.33 is major short-term support, $1.36-$1.38 is immediate support, $1.40-$1.42 is first resistance, $1.45 is an important recovery level, and $1.50-$1.52 is major resistance. Momentum indicators remain cautious, with RSI readings around 40.4, 45.0 and 44.2, MACD slightly negative, and CCI near -61, pointing to stabilization rather than a confirmed recovery.
Fundamental developments added a mixed picture. Ripple-backed digital asset treasury firm Evernorth completed its SPAC merger and is preparing to trade on Nasdaq under ticker XRPN. The company holds roughly 473 million XRP worth about $662 million at current prices and raised more than $1 billion, giving public-market investors indirect exposure to XRP. Separately, RippleX disclosed and patched a critical integer-overflow vulnerability that had existed in the XRP Ledger since 2015. The bug could theoretically have allowed an attacker to create spendable XRP beyond the network’s 100 billion token cap, but RippleX reported no evidence of exploitation on the public network. Avalanche founder Emin Gün Sirer also commented that increasingly capable AI systems could eventually uncover hidden blockchain vulnerabilities faster than human researchers.
For the week of October 12-18, the bullish scenario requires XRP to reclaim $1.42 and build momentum above $1.45, targeting $1.48-$1.52. A neutral consolidation between $1.35 and $1.45 is possible, while losing $1.36 would likely bring $1.31-$1.33 back into focus, with a sustained break exposing $1.25.
