XRP prices fall back to support level of US$1.41, short-term trend analysis
XRP prices have suffered setbacks in the latest cryptocurrency market selling wave, falling more than 5% in the past 24 hours, and trading prices are close to US$1.41 as of press time. This weakness is not unique to XRP, as Bitcoin has also fallen below $84,000, and the cryptocurrency market has responded to rising oil prices, higher U.S. Treasury yields and a stronger U.S. dollar. During the sell-off, more than $500 million in crypto asset positions were liquidated, adding another layer of forced liquidation pressure to the already weak market.
For XRP, this decline has returned its price to an important short-term support area. Although the two-hour chart shows a serious oversold, momentum is still firmly biased towards the bear side as we enter October 8.
XRP prices fall back to US$1.41 support level
XRP traded as high as around US$1.51 in the past 24 hours, before sellers regained control. The decline pushed the token price closer to $1.41, which has now become the first immediate support area. The chart structure shows significant changes. XRP traded sideways in the US$1.48 to US$1.52 range for most of early October, repeatedly failing to build upward momentum above this range. Once the lower edge is lost, the selling speed will accelerate.

The following are the main key price points to pay attention to:
The biggest problem facing bulls is that XRP is currently trading below this area, where buyers have defended prices many times before. Recovering $1.45 will be the first small sign of improvement; it will be even more significant if it can return above $1.48 -1.50.
RSI and CCI indicators show that XRP is severely oversold
Momentum indicators are at extremes. The chart shows that the short-cycle RSI readings have dropped to around 19.1 and 17.6, while the longer-cycle RSI is around 28.7. All three readings put XRP at or near traditional oversold areas. CCI tells a similar story, which has dropped to about-152, well below the-100 level usually associated with strong downward momentum.
This creates an interesting situation. Technically, XRP is oversold enough to trigger a mitigating rebound, but the oversold conditions alone do not mean that the decline is over. During a period of widespread market selling, RSI and CCI are likely to remain sluggish as prices continue to fall. The first confirmation sign of recovery will be that these indicators turn upward as XRP recovers $1.45.
MACD is still biased towards sellers
The MACD indicator is less encouraging. Chart shows:
较快的MACD线仍位于信号线之下,两者均在零轴下方,且负值柱状图正在扩大。这证实了看跌动能依然活跃。因此,目前动量指标之间存在冲突:RSI和CCI表明XRP严重偏向下行,可能即将反弹;而MACD则表明卖方尚未失去控制。这使得1.41美元区域在进入10月8日时显得尤为重要。
Ripple达成新的韩国合作伙伴关系
尽管Ripple周围有积极消息,但价格依然疲软。Ripple与Meritz Securities签署了一项战略合作伙伴关系,旨在探讨如何在韩国的资本市场中使用Ripple Custody和Ripple的代币化基础设施。该公司计划在该国现有的证券法规内开始行动,并可能在韩国发展其数字资产框架时扩大合作范围。Meritz还正在研究包括代币化证券、加密货币ETF、 fractional投资产品以及以韩元计价的稳定币在内的领域。该协议仍处于探索阶段,因此并未确认XRP本身将在任何未来产品中直接使用。
这一发展增加了Ripple在亚洲的机构扩张版图,尽管这还不足以抵消今天更广泛的加密货币抛售压力。
Grayscale扩展其XRP ETF基础设施
In addition, there is another institutional development involving XRP. Grayscale has added Anchorage Digital Bank as an additional custodian of the Grayscale XRP Trust ETF (GXRP), with Coinbase Custody still participating as the main custodian. GXRP also introduced physical creation and redemption mechanisms. This allows qualified authorized participants to directly deposit XRPs in exchange for ETF shares, or redeem shares to obtain XRPs, rather than completing each transaction in cash. This structure can make the creation and redemption process more efficient and reduce the fund's reliance on a single custodian. The SEC filing confirmed that Anchorage was added under a revised custody agreement.
The Ripple-Meritz collaboration and changes to GXRP are both constructive developments to the XRP institutional ecosystem. For now, macro pressures dominate price movements.
XRP Price Forecast for October 8
Given that XRP is currently around US$1.41, three realistic possibilities emerge:
Then there was US$1.48 -1.50
If XRP holds on to $1.41, the RSI begins to recover, and the price regains $1.45, the credibility of the bullish scenario will increase. From there,$1.48 -1.50 will be the main target. To eliminate most of the direct bearish structure, a breakthrough of $1.51 is needed.
A neutral scenario will see XRP absorb today's sell-off without producing a meaningful recovery. Prices could fluctuate between about $1.40 and $1.46 on October 8, waiting for Bitcoin and the broader market to stabilize.
As MACD momentum remains negative, a bearish scenario remains a serious risk. Losing $1.41 could expose the $1.38 -1.40 area. If the sell-off accelerates again, the chart shows more room into the $1.30-$1.33 area.
For today,$1.41 is a must-watch level.

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