Get our latest news first. Add us as your Preferred Source on Google and tap "Star" to prioritize our updates
XRP price prediction for October 10 stays bullish above $1.38, the level XRP needs to hold after bouncing back from yesterday’s drop
XRP trades near $1.3990, up 1.41% today, trying to recover above a rising trendline that yesterday’s sharp drop broke. That trendline had guided the climb since the August low and sits close to the 200-day EMA at $1.3789, so today’s move is an attempt to reclaim a lost level rather than a hold at support. Meanwhile, the 50-day EMA at $1.3984 sits almost exactly at today’s price
Overhead, price is still under the 20-day EMA at $1.4572, the next hurdle on the way up. If XRP fails to reclaim the trendline, the 200-day EMA at $1.3789 becomes the next test, with the 100-day EMA at $1.3359 below it. Above price, the upper line of the triangle that has capped rallies since the late-September high runs toward about $1.61 by late October
Related: Pi Network Price Prediction: Can PI Hold $0.081 as Pi Outlines Its Stablecoin Plans?
XRP ETFs were the only US spot crypto funds in the green on October 8, adding $8.17 million, all of it into Franklin Templeton’s XRPZ. Every other major crypto fund category lost money that day
Bitcoin ETFs had also lost $485 million the day before, so Thursday’s outflow extended a rough stretch for BTC funds. XRP’s cumulative net inflow stands at $1.80 billion, with total net assets at $1.56 billion
Two developments weighed on crypto on October 8
Ripple has become a serious player in swap financing for leveraged ETFs, the derivatives contracts that let funds double or triple their daily exposure to a stock or index, the Wall Street Journal reported on October 7. Ripple entered the business last year through its $1.25 billion purchase of prime brokerage Hidden Road, now called Ripple Prime. This week, Ripple Prime also agreed to provide prime brokerage and clearing to hedge fund Brevan Howard, and its president, Noel Kimmel, called swaps “a growing and meaningful part of our business.”
Related: Starknet Price Prediction: STRK Rallies 39% as Network Weighs Layer 1 Shift for Quantum Security
The business carries real risk, however. ETF strategist Todd Sohn of Baird Strategas said swap costs act “like a termite almost,” chipping away at leveraged fund returns, and pointed to the Defiance Daily Target 2x Long MSTR ETF, down 53% year-to-date against a 0.9% gain for the underlying stock. The report also noted that an extreme single-day drop in an underlying asset could wipe out a leveraged fund’s equity, which would leave swap providers like Ripple exposed on the other side of the trade
For XRP holders, this reads as business diversification rather than a direct catalyst, since the report does not tie it to demand for the token
XRP holds the 200-day EMA at $1.3789 and closes a day above the 20-day EMA at $1.4572. That would put the triangle’s upper line near $1.61 in range, with renewed ETF inflows adding support
XRP loses the trendline and 200-day EMA near $1.3789, which would put the 100-day EMA at $1.3359 under pressure. A daily close below it would risk a deeper slide, especially if Bitcoin ETF outflows continue
XRP (XRP) could extend toward $1.4572 and then $1.61 if it holds above $1.3789. A daily close below the 100-day EMA at $1.3359 would risk a deeper pullback
XRP spot ETFs added $8.17 million on October 8, all into Franklin Templeton’s XRPZ, while Bitcoin ETFs lost $244 million and Ether ETFs lost $73 million the same day, according to CoinDesk data. No source explains the specific reason for the divergence
The crypto market fell after wallets tied to the US government moved about $1 billion in Bitcoin to new addresses, and Fed minutes showed officials expect another rate hike before year-end to fight inflation still above target
Ripple Prime provides swap financing to leveraged ETF issuers, helping funds deliver amplified daily returns on stocks and indexes. The Wall Street Journal reported Ripple entered this business through its 2025 purchase of Hidden Road and has since added clients including hedge fund Brevan Howard
Related: Cardano Price Prediction: ADA Bounces Back to $0.24, but Can It Keep Climbing?
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company
Coin Edition is an independent digital media company that focuses on news from the blockchain and crypto space
Join over million readers and get the latest posts delivered straight to your inbox
