XRP Price Prediction: Ripple Steadies at $1.50 Versus Estimates
Ripple (XRP) price movement is range-bound on Saturday, hovering around $1.50 over the past 24 hours, underperforming a flat broader market, driven by a lack of buying conviction.
Technical rejection at the $1.50–$1.54 resistance zone, confirmed by a 43% drop in trading volume, signalling weak demand, crypto analysts said. Transaction value has plunged to $2 billion on Saturday,
XRP’s price has been rejected repeatedly near the $1.54 resistance level, a zone identified in recent analysis. The 24-hour trading volume fell 39.5% to $2.26 billion, indicating a lack of fresh buying interest to push through overhead supply.
The market is consolidating after recent gains, with sellers emerging at higher prices. A decisive hourly close above $1.54 would signal renewed momentum.
The move occurred alongside a slight pullback in Bitcoin (-0.15%). Social sentiment data from Santiment showed XRP’s bullish-to-bearish comment ratio fell to 0.67 on October 2, its weakest since mid-August, indicating a pessimistic crowd mood.
XRP’s minor decline reflects a combination of modest beta to Bitcoin and negative trader sentiment, which can sometimes set up a contrarian bounce.
The immediate technical structure is key. Support is firm at $1.48–$1.50. The next concrete catalyst is the progression of the XRP Ledger Lending Protocol amendment, which requires validator voting.
The near-term bias is neutral-to-bearish within a range until either support or resistance breaks. U.S. spot XRP ETF flow data: sustained inflows could provide the demand needed to challenge resistance.
Traders confirmed that XRP is consolidating after a strong Q3 performance, caught between technical resistance and solid support, with low volume highlighting indecision.
Investors are chasing a $2 target price following its Asian expansion. Ripple and the XRPL Foundation co-founded XRP Asia, a Singapore-based organisation led by Sabrina Tachdjian.
Its mission is to foster the regional ecosystem through grants, hackathons, and go-to-market support for startups, building on existing efforts in Japan and Korea.
The launch is backed by Ripple’s 1 billion XRP developer commitment.
This is bullish for XRP because it strategically deepens institutional and developer roots in a key financial hub, potentially accelerating adoption and real-world use cases for the XRP Ledger in Asia’s growing markets.
A weighted-average price estimate places XRP between $1.70 and $2 for October, following sharp Q3 performance and the altcoin’s ability to weather the storm as a risk asset.
In the prediction market, the XRP range that generated the most bets on Saturday was $1.47991 and above for the bullish case. Target prices also reflect investors’ expectations for upside potential.
