XRP Price Holds $1.50 as Whale Withdrawals and Open Interest Rise

XRP price traded around the $1.50 region on Oct. 2 as whale-sized exchange withdrawals and derivatives activity increased.

The token briefly moved above $1.50 during the session after closing Sept. 30 near $1.49. Market data showed XRP testing the $1.55 region intraday before giving back part of those gains.

At the same time, CryptoQuant data showed that transfers above 1 million XRP had become the dominant category of exchange outflows on both Binance and Coinbase.

XRP Price Prediction: $3.66 Breakout Puts $31.87 in Focus

Ali Charts said XRP price is forming an ascending triangle on the monthly timeframe, with resistance positioned near $3.66. The pattern has developed after XRP spent several years moving through lower price levels before advancing toward the upper boundary.

A monthly close above $3.66 would confirm the breakout in the analyst’s setup. The projected target from the pattern sits near $31.87, representing a move well above the current XRP price.

XRP price monthly structure also shows a rising trendline extending from the lower range through the recovery that followed the 2022–2024 period. Price has since pulled back from the area above $3 and is now trading near $1.53.

Analyst Maps XRP Crypto Wave 3 Targets

Dark Defender outlined another XRP price path using Elliott Wave analysis and Fibonacci extension levels. The setup places XRP’s first wave from $0.98 to $1.70, followed by a corrective Wave 2.

The next stage is identified as Wave 3, with several Fibonacci levels marking potential price areas. The chart lists $1.88 at the 161.8% extension, $2.90 at 200%, $4.10 at 261.8%, $7.08 at 361.8%, $10.11 at 427.2%, and $18.22 at 361.8%.

The structure places the $4.10 level above the current market price and below the $7.08 and $10.11 extension zones. The highest marked level, $18.22, sits below the $31.87 monthly-chart target identified by Ali Charts.

XRP Clears $1.45 Resistance

XRP price has moved above the $1.45 area, which previously acted as a sell wall and aligned with a descending trendline on the four-hour timeframe. The move has brought the price toward the $1.56 area, where additional liquidity could be tested if buying pressure persists.

Market data also shows rising speculative activity. XRP open interest on Binance increased from $553 million on September 29 to about $580 million, while Hyperliquid open interest rose from $284 million to $314 million. Binance’s long-to-short account ratio stood at 2.31, while the open-interest-weighted funding rate reached 0.01%.

The increase in whale withdrawals has also accompanied the price move. Withdrawals involving wallets holding more than 1 million XRP accounted for 60.8% of Binance withdrawals on September 20, up from 45% in mid-August. On Coinbase, the same category reached 48.7% on September 30, compared with 37% in late August.

XRP now has several technical levels separating the current price from the longer-term targets. The first area is $1.51, which needs to hold as support after the breakout. A move toward $1.56 would place XRP closer to the next resistance zone.

This article is for informational purposes only and does not constitute financial or investment advice. Technical targets, analyst projections and derivatives indicators do not guarantee future price performance.