XRP and peers face critical price levels in October

XRP trades at $1.3136 on the daily chart, positioned between established support at $1.25 and resistance at $1.37. The asset opened at $1.3066 and reached a high of $1.3200, closing near the upper end of its current range. This consolidation follows a significant decline from the $1.50 area to lows of $1.25 since the start of October. The broader context for XRP includes a sharp recovery from August lows near $1.00 to a peak of nearly $1.70, a move accompanied by heavy volume. After reaching approximately $1.66 in late September, sellers gained control, driving the price down.