The token rebounded sharply from $1.64 to around $2.61, suggesting that buyers are returning and positioning for higher levels. Analysts say this rebound could mark a turning point for XRP, as technical indicators and historical patterns align to support a possible repeat of previous bullish surges.
On October 10, 2025, XRP experienced a sudden 48% flash crash, falling from $2.82 to $1.69 before quickly recovering to $2.47. This rapid rebound mirrors a similar 53% wick in December 2017, which preceded a historic 60,000% price surge from $0.006 to $3.84 by January 2018.
XRP was trading at around $2.59, up 8.40% in the last 24 hours at press time. Source: XRP price via Brave New Coin
Currently, the XRP price today stands at around $2.59, up more than 8% from the lows after retesting the 200-day EMA at $2.63—a critical short-term pivot point for traders assessing the sustainability of the recovery.
Market analysts highlight the historical significance of flash crashes as precursors to major rallies. The 2017 crash, followed by a massive bull run, serves as a reference point, with technical charts and Fibonacci extensions pointing to possible upside toward $3 or more.
XRP’s recent 48% flash crash echoes its 2017 pre-pump decline, signaling a potential major price surge in the coming weeks. Source: @UniverseTwenty via X
ETF inflows and increasing institutional interest further support this outlook, signaling that XRP may be entering a period of price discovery.
XRP’s short-term movement faces key resistance at $2.77–$2.94, with the Parabolic SAR pointing to a potential breakout toward $3.10–$3.20 if buyers maintain momentum. On the downside, support zones near $2.63 and $2.35 remain crucial, as failure to hold these levels could invite renewed selling pressure.
XRP’s recent sharp dip may act as fuel for a potential rebound, with analysts projecting a possible move toward $4 in the near term. Source: MMBTrader on TradingView
Momentum indicators suggest the rebound is still fragile. While the token has reclaimed key EMAs, a decisive break above the descending resistance line, in place since July, will be necessary to confirm a sustained bullish reversal.
On-chain data shows $16.3 million in net outflows over 24 hours, indicating investors are moving XRP off exchanges, potentially reducing immediate selling pressure. Meanwhile, derivatives markets show constructive trends: XRP futures open interest rose 7.5% to $4.41 billion, with daily trading volume increasing 30% to $11.8 billion.
Long-to-short ratios favor buyers, with Binance traders holding positions 2.6 to 1 in favor of longs. Additionally, roughly $9 million in short positions were liquidated in the past day, compared to $62 million in longs, signaling that bearish traders were caught off guard by the rebound.
Traders will monitor the $2.63 pivot closely. Holding above this level could reinforce the potential for a move toward $2.94 and eventually $3.10, while failure to defend it may drag prices back to the $2.35–$2.20 range.
Despite lingering volatility, XRP’s ability to quickly reclaim the 200-day EMA demonstrates resilience. Analysts emphasize that a sustained breakout above resistance will be essential to confirm whether the token is poised for a long-term rally or experiencing a temporary relief bounce.
