XRP Price Analysis: Buyers Absorb Heavy Selling Near $1.28, Eye $1.38 Liquidity

$XRP price rebounded toward $1.34 on Friday after Thursday’s decline swept below the daily candle-range theory (CRT) low near $1.32 and tested $1.28. The recovery reclaimed the $1.33 point of control, reopening attention on Wednesday’s buy-side liquidity between $1.35 and $1.38. However, stronger resistance remains overhead.

Inflation Data Frames Thursday’s $1.28 Liquidity Sweep

Thursday’s retreat followed a week of elevated U.S. inflation readings and volatility across risk assets. September’s Consumer Price Index increased 0.6% monthly and 3.7% annually, according to the Bureau of Labor Statistics.

Core consumer inflation reached 2.6% year over year. Producer prices subsequently climbed 1.3% monthly and 6.3% annually in Thursday’s report. Together, those figures highlighted persistent U.S. inflation pressures and the possibility of prolonged restrictive interest rates.

Against this backdrop, TradingView’s Binance charts show the October 15 selloff pushed prices toward $1.28 before reversing. The resulting daily candle displayed a pronounced lower wick, showing that the decline was partly retraced.

Subsequent trading recovered the $1.32 CRT low and moved above $1.33, the highest-volume price in the displayed profile. That recovery established the immediate technical question: whether demand can continue defending the reclaimed area.

Footprint Shows 131.15M in Volume, but Narrower Selling Delta

The footprint offers a closer comparison of selling intensity across Wednesday and Thursday. Per the chart, October 14 registered 125.62 million in volume and a negative delta of 7.08 million.

Thursday’s volume increased to 131.15 million, while the negative delta narrowed to 5.09 million. Trading activity therefore rose approximately 4.4%, even as the net aggressive-selling imbalance decreased about 28%.

Combined with $XRP’s rebound from $1.28, this divergence suggests resting buy orders absorbed some selling pressure. However, daily volume figures cannot establish precisely where absorption occurred or identify the buyers involved.

Meanwhile, Friday’s developing session showed further signs of easing selling pressure, recording a positive delta near 294,000 against 21.93 million in volume. Although this shift indicates modest aggressive buying, it remains insufficient to confirm a reversal of the broader daily downtrend.

$1.33 Point of Control Frames the $1.35–$1.38 Liquidity Test

Against this backdrop, the reclaimed $1.33 point of control remains the immediate level to watch for continued recovery. Holding above this level would strengthen the bullish case, placing $1.35 resistance in focus.

A subsequent breakout could then open a potential move toward Wednesday’s $1.37–$1.38 highs, where buy-side liquidity remains the next technical objective. Those prior highs represent potential buy-side liquidity, as short-position stops and breakout orders often concentrate above visible peaks.

Their presence, however, has not been verified. Likewise, the chart does not establish whether traders will pursue those levels or whether sufficient demand exists to break through resistance.

Expansion Case

Holding $1.33 and breaking $1.35 would strengthen bullish momentum, opening a potential move toward Wednesday’s $1.37–$1.38 liquidity zone.

Failure Case

Losing $1.33 would weaken buying pressure, while a decisive break below the $1.32 CRT low would expose $1.28 support.

Bottom Line

Buyers absorbed selling near $1.28 and reclaimed $1.33, but a sustained breakout above resistance remains necessary to challenge the broader downtrend.

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