XRP is in the recovery stage following an almost 50% decline due to the global market volatility. The cryptocurrency dropped to $1.53 on October 10, following an increase in trade tensions between the United States and China. This crash followed the U.S. administration’s announcement of a 100% tariff on Chinese imports, which caused severe volatility in digital assets.
The overall crypto market capitalization dropped to approximately $3.7 trillion, and the value of U.S. equities fell to more than $1.6 trillion. According to the data provided by CoinGlass, over $19 billion of leveraged crypto positions were liquidated within a single day. One of the most severely affected, XRP, subsequently recovered quickly. At the time of writing, it was trading close to $2.47.
Analysts observed that the recovery of XRP indicates increased confidence among buyers at lower points. The quick recovery was compared to previous bull cycles, during which the asset had similar reversals before experiencing massive rallies.
Also Read: XRP Price Decline: Analyzing Ripple's Current Challenges
Market strategist Patrick L. Riley noted that XRP could achieve its best weekly close if it continues to move upward through the weekend. Riley said that a high above $3.115 would represent the most bullish week of the token in history. The rebound would reflect a 140% recovery from the weekly low of $1.53, giving traders a boost of hope.
The potential record close would be determined by XRP's consistent performance in the third quarter of 2025. The token finished Q3 with a 27% increase compared to its Q2 closing price of $2.23, marking the highest quarterly closing price. September has also seen one of the three best monthly closes of XRP in its history, maintaining its robust yearly momentum.
Key resistance areas being closely observed by traders include $3.03 and $3.11, which may dictate the next direction of the market trend. A breakout above this level can lead to additional purchasing activity and support the argument of a long-term upward trend.
The trends of XRP indicate that the fourth quarter is generally favorable, with possible average returns of 140%. With a stabilization of market conditions, there may have been an extension of the current XRP, resulting in a massive gain at the end of the week, marking one of the most significant performances ever recorded.