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Ripple Rescue: XRP Fights for $2.40 Support – What Now?
Ripple XRP tests key support at $2.40 as derivatives stabilize after deleveraging. Current analyzes and forecasts.
Ripple Rescue: XRP Fights for $2.40 Support – What Now?
On October 14, 2025, the cryptocurrency market is showing mixed signals, especially Ripple (XRP). The price is above key support at $2.40 after the digital currency saw a three-day rally following previous selling pressure. This recovery follows a turbulent period in which the market was affected by dramatic deleveraging.
How FXStreet reports, XRP's derivatives are showing signs of stability, while K33 Research indicates that excessive leverage has been reduced. This development has led to an improvement in market conditions, increasing the potential for future capital deployments in the coming weeks.
Partnership and security initiatives
Ripple has also partnered with Immunefi to test an institutional lending protocol. The collaboration includes a $200,000 Attackthon taking place from October 27th to November 24th, 2025. Security researchers are invited to check the code for vulnerabilities and can earn rewards in RLUSD.
Meanwhile, buyer interest in XRP has stabilized, but remains below the levels seen during last week's selling events. XRP futures show an average open interest (OI) of $4.34 billion, up from a four-month low of $4.2 billion seen on Sunday.
Market analysis and technical indicators
Despite stabilizing, XRP price remains under pressure as it tests the $2.40 support after hitting a high of $2.63, which corresponds to the 200-day EMA. The Moving Average Convergence Divergence (MACD) indicator has been holding a sell signal since Thursday, while the Relative Strength Index (RSI) fell to 35 with a downtrend, indicating increasing bearish momentum.
Key price levels of interest in the coming days include $2.00, tested in the last week of June, as well as $1.61, tested in early April. Traders are hoping for a break above the 200-day EMA at $2.63 to confirm an uptrend towards the psychological level of $3.00.
Developments in the Ripple market are of great importance to investors as the combination of technological initiatives and current market dynamics could significantly influence the direction of XRP in the coming weeks.