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XRP is trading at $2.41 after recovering from yesterday’s market crash. The token has posted a 347.06% gain since the start of 2025.
During the flash crash, XRP dropped from $2.65 to $0.78 in just eight minutes. Bitcoin and Ethereum fell 13% and 15% during the same timeframe.
Market analyst Egrag Crypto indicated the crash targeted over-leveraged long positions. Reports suggest large short positions were opened hours before the event occurred.
🚨 #XRP and Crypto Update 🚨 (1/2):
▫️The recent crash was designed to liquidate all #XRP long positions, and I’m here to explain why and how with proofs.
▫️I’ve received many messages in my DMs, so I want to clarify what happened. While I usually focus on predicting the… pic.twitter.com/f7hUvY37IX
— EGRAG CRYPTO (@egragcrypto) October 11, 2025
The token has since stabilized above $2.00. Investors are focusing on institutional developments and expanding use cases.
Reliance Global, a Nasdaq-listed company, recently added XRP to its digital treasury holdings. This move signals growing recognition of XRP as a strategic reserve asset.
VivoPower integrated XRP into its treasury operations and launched XRPFi. The program connects enterprise finance with blockchain yield strategies on the XRP Ledger.
Ripple completed its $1.25 billion acquisition of prime brokerage Hidden Road. The purchase enables post-trade operations to run on the XRP Ledger infrastructure.
This acquisition represents one of Ripple’s largest investments in traditional finance integration. The deal positions XRP as core infrastructure for global financial processes.
Ripple launched its RLUSD stablecoin across Africa through three key partnerships. Chipper Cash, VALR, and Yellow Card are facilitating blockchain-based remittances and corporate settlements.
The expansion targets markets where traditional banking infrastructure faces limitations. These partnerships enable faster cross-border transactions at lower costs.
Ripple received regulatory approval from the Dubai Financial Services Authority. The company is now an authorized blockchain payment provider in the Dubai International Financial Centre.
Partnerships with Zand Bank and fintech platform Mamo strengthen Ripple’s Middle Eastern presence. These agreements support regional payment processing and financial services.
XForceGlobal’s technical analysis shows XRP following a Flat corrective pattern in its Elliott Wave cycle. The token broke through a multi-year descending triangle formation.
$XRP
Still bullish on the macro.#XRP has chosen the Flat route. We still have this as the final bullish option, and is now within the confirmation stage. From a timing perspective, it's looking great.
This would be our last exhausted option. Below $0.60 would be very bearish. https://t.co/opAeWnOLkQ pic.twitter.com/y4HBn8OUfg
— XForceGlobal (@XForceGlobal) October 12, 2025
Historical data shows XRP experienced drops of 78%, 67%, and 52% in previous cycles. Each decline was followed by recovery that established higher structural lows.
The critical support level sits at $0.60. Breaking below this price would invalidate the current bullish structure.
Resistance exists between $3.30 and $3.50 in the near term. A breakout above these levels could target $9.30 in the medium term.
Long-term Elliott Wave projections suggest prices between $27 and $34 if the pattern completes. These targets depend on maintaining current support zones and completing expected wave structures.
XRP is currently testing the 161.8% Fibonacci extension level. The token needs to hold above key support zones to maintain upward momentum.
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TLDR XRP recovered to $2.41 after plunging 70% to $0.78 in an eight-minute flash crash…
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