XRP Price Rebounds 41% After Flash Crash, Reclaims $2.47 Support Level

XRP recovered sharply during Friday's volatile trading session, bouncing back from a 41% price collapse to stabilize above $2.47 as institutional buying returned following panic-induced liquidations. The trading range spanned $1.14 - from $2.77 down to $1.64 - representing one of XRP's widest price swings in 2025, driven by macroeconomic deleveraging and substantial futures liquidations across major exchanges. Key Market Developments: • XRP plummeted from $2.77 to $1.64 between October 10-11, marking a 41% intraday crash before recovering to $2.49 • Over $150 million in XRP futures positions were liquidated following Trump's tariff announcement • Trading volume surged to 817 million tokens - nearly triple the recent daily average • Institutional accumulation occurred between $2.34-$2.45 as major investors reestablished positions • Key resistance remains at $3.05 with potential upside toward $3.65-$4.00 if recovery continues Market Analysis: The sudden macroeconomic shock from new US-China tariffs triggered widespread risk asset selling. XRP briefly crashed to $1.64 before stabilizing as institutional bids absorbed panic selling. Derivatives data confirmed market capitulation with open interest dropping 6.3% overnight and long positions liquidated at a 15:1 ratio versus shorts. Analysts characterized the rebound as institutional repositioning rather than retail-driven volatility. Technical Outlook: • Support levels established at $1.64 (capitulation low) and $2.40-$2.45 (accumulation zone) • Resistance remains at $3.05 breakthrough level • Trading volume reached 817 million versus 30-day average of 270 million • Bullish recovery pattern emerging with momentum indicators turning positive above $2.47 • RSI recovered from oversold territory while MACD shows early reversal signals Market Focus: • $2.47 support level stability through Asian trading sessions • Continued institutional buying following liquidation phase • ETF flow data following 21Shares TDOG launch • Technical breakout above $2.90-$3.00 for long positions targeting $3.65+ • Macroeconomic risk factors including tariff developments and crypto correlation