XRP Holds Its Ground 👀 – But Bullish Steam Is Cooling Off

XRP slipped to $2.40 on Tuesday, weighed down by a broader market downturn. Despite the decline, investors remain optimistic following Ripple’s partnership with Immunefi to test and strengthen the XRP Ledger Lending Protocol.

Weak retail and derivatives activity, however, limits the token’s short-term recovery potential. After last week’s heavy sell-off, XRP has ended its three-day rebound, now consolidating above the $2.40 support zone.

Following Friday’s massive deleveraging, XRP futures are showing early signs of stabilization — a signal that new opportunities could emerge in the coming weeks. With excessive leverage flushed out and market structure improving, K33 Research noted that capital deployment may become more favorable soon.

🔹 Ripple x Immunefi Collaboration:

Ripple announced on Monday its partnership with blockchain security platform Immunefi to test its upcoming XRP Ledger Lending Protocol. The initiative includes a $200,000 “Attackthon”, inviting security experts to analyze and identify potential vulnerabilities between October 27 and November 24, with rewards in RLUSD for valid findings.

Meanwhile, retail interest in XRP has stabilized after the sharp liquidation event. Open Interest (OI) has risen slightly from Sunday’s four-month low of $4.2B to $4.34B, hinting at renewed confidence among traders.

Technically, XRP faced rejection near the 200-day EMA at $2.63 and is now retesting short-term support at $2.40. Key downside levels to monitor include $2.00 (June low) and $1.61 (April low).$BTC

A confirmed breakout above the 200-day EMA at $2.63 would strengthen the bullish case for a push toward the $3.00 zone.

#XRP #MarketPullback #PowellRemarks #WhaleAlert