Monat: Oktober 2025

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XRP eyes $2.80 despite Ripple co-founder’s $120m XRP sell-off

Key takeaways

  • XRP is down 1% in the last 24 hours but could rally to the $2.80 level soon.
  • Ripple co-founder Chris Larsen reportedly sold roughly $120 million in XRP.

Larsen sells $120M worth of XRP tokens

On-chain data from CryptoQuant reveals that there has been a $120 million outflow from Larsen-linked wallets. This latest development comes as XRP lost 1% of its value in the last 24 hours.

The sell-off also coincides with the ongoing attempt to fund the GTreasury acquisition. Ripple recently announced a $1 billion fundraising aimed at acquiring the treasury management company GTreasury.

However, the acquisition news hasn’t positively affected XRP’s price as the coin has faced heavy selling pressure in recent weeks. XRP’s loss coincides with a broader decline in risk assets, with Bitcoin and Ether also recording huge losses over the past few weeks. 

XRP’s price could soar higher in the near term as XRP addresses holding over 100 tokens were rising in numbers. This is despite XRP losing 35% of its value since hitting the multi-year high of $3.66 in July.

XRP eyes $2.80 despite bearish conditions

The XRP/USD 4H chart remains bearish and inefficient as the coin has failed to pump following the October 10th crash. Currently, XRP is consolidating inside a descending parallel channel, and could surge towards the $2.80 resistance level in the near term. 

The $2.80 resistance level also coincides with the 0.618 Fibonacci retracement line, making it a key area to watch as we approach the end of another month. Breaking above the $2.80 resistance would allow XRP to confirm a bullish reversal pattern and rally towards the $3.05 or even $3.40 levels in the weeks ahead.

XRP/USD 4H Chart

The RSI of 52 shows that the bulls are regaining control, with the MACD lines also about to cross into the positive region. 

However, failure to sustain a bullish run will see XRP drop lower in the coming weeks. Its performance will depend on the broader risk appetite across crypto and equities. If the bearish trend persists, XRP could drop below the $2.2 support level over the next few hours.

The post XRP eyes $2.80 despite Ripple co-founder’s $120m XRP sell-off appeared first on CoinJournal.

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Ethereum price forecast: ETH could dip below $3,700 as bullish momentum fails

Key takeaways

  • ETH is down 4.5% in the last 24 hours and is now trading below $3,900.
  • The leading altcoin could dip below $3,700 as the bullish momentum fails to grow stronger.

ETH dips below $3,900

The crypto market has resumed its bearish trend after recording gains on Monday. Ether, the second-largest cryptocurrency by market cap, is down 4.5% in the last 24 hours and is now trading below $3,900.

The bearish performance comes as the ongoing tariff war between the United States and China continues to affect the financial markets. U.S. President Trump is expected to meet Chinese leader Xi Jinping later this month, and trade tensions are expected to continue before and after the event. 

While commenting on the current market conditions, Jeff Mei, COO at BTSE, stated that,

“We believe that macro concerns are driving day-to-day changes in the market. Volatility will continue as long as there are trade tensions between the U.S. and China. While they may come to an agreement at the end of the month and cause markets to rally, it’s unlikely that tensions will evaporate altogether.”

ETH could slip below $3,700

The ETH/USD 4-hour chart is bearish and efficient as Ether has underperformed in recent weeks. The coin has lost 4% of its value in the last 24 hours and now trades below $3,900 per coin.

The momentum indicators are bearish, signalling selling pressure in the market. The RSI of 52 shows a fading bullish momentum, with the RSI below the neutral zone also indicating that sellers are temporarily in control.

ETH/USD 4H Chart

If the bearish trend continues, ETH could slip below the Friday low of $3,700 and retest the $3,499 low created two weeks ago. The $3,499 support will likely hold in the near term, allowing ETH to push higher.

If the bulls regain control of the market, ETH could surge to the ILQ level at $4,300 over the next few hours. An extended rally would see ETH reclaim the psychological resistance at $4,533.

The post Ethereum price forecast: ETH could dip below $3,700 as bullish momentum fails appeared first on CoinJournal.