XRP Weakens After October Selloff, Whales Accumulate

XRP weakened through October, falling more than 12% as on‑chain data show accelerated selling by both long‑term and short‑term holders while large wallets (100M–1B XRP) quietly accumulated. Technicals deteriorated late in the month after heavy institutional and algorithmic selling pushed XRP below $2.50 to around $2.47, producing a lower‑high, lower‑low structure with early consolidation near $2.43–$2.46. Macro developments — including a Fed 25‑basis‑point rate cut paired with cautious signals about further easing — added volatility and left XRP trading in tight reported bands around $2.58–$2.68. Analysts say a clean breakout above roughly $2.80–$3.00 could target about $3.20, while failure to hold $2.50 could see declines toward $2.30–$2.40. On the adoption front, Uphold relaunched a U.S. XRP rewards debit card offering up to 6% back, and some AI forecasters expect a November altcoin season, but broad retail selling means any major rally would likely require continued whale accumulation and improved macro risk appetite.