XRP Eyes Historical Demand Zone Against Bitcoin Before Recovery
Key Summary
XRP traded flat at $1.25 Tuesday while technical analysis pointed to a potential drop toward historical demand zones against Bitcoin before any major capital rotation into the altcoin.
Key Bullets
- XRP traded around $1.25 on major spot exchanges with a 15.99% monthly price contraction, according to CoinGecko data.
- Data compiled by CoinGecko shows spot exchange-traded funds dedicated to XRP managed to attract $18.99M in October.
- Historical chart configurations tracked by market analysts indicate XRP previously bottomed out in specific demand zones before outperforming Bitcoin.
- Trading desks observed that structural lower highs on the XRP/BTC pair continue to favor Bitcoin accumulation phases over altcoin rallies.
XRP Trades Near Support Amid Structural Declines
XRP hovered near $1.25 Tuesday morning on CoinGecko spot order books while booking a 15.99% valuation decline over the preceding thirty days. Trading desks recorded a 1.99% drop across the weekly interval, leaving the fifth-largest digital asset down 65.00% from its peak price.
Spot exchange data showed trading volumes contracting across major venues. Sellers maintained short-term control of the order books.
Historical Demand Zones Signal Further Downside Risk
Technical charts shared by market participant ChartNerd on social media platform X indicate that XRP must revisit a long-standing green demand zone against Bitcoin before establishing a durable bottom. Previous market cycles in 2014, 2020, and 2024 required similar retracements into historical support areas before outperformance phases began.
Lower highs on the XRP/BTC trading pair have persisted since 2020. The chart structure continues to reject upside attempts near established overhead resistance levels.
Spot ETF Inflows Slow as Capital Rotates Out
Data from digital asset funds revealed that spot XRP exchange-traded products attracted $18.99M in October, marking seven consecutive months of positive inflows. This total represented a sharp reduction from the $121.00M and $159.00M captured during September and August, respectively.
Capital flows favored Bitcoin as primary market participants rotated liquidity away from altcoins. The rotation prolonged the relative weakness of the Ripple token against Bitcoin.
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